New Neighbours, page-6

Originally posted by HaastsEagle ↑

Chris Cairns (no, not the NZ cricketer badly ill on the East Coast) but ex Integra and currently head of Stavely (gold and copper in Victoria) is floating E79, 20 km east of BRB. The area is unexplored because of the belief supported by the Geological Survey of WA that it is underlain by granite. Chris has a contrary view. See the release docs which I am too stupid to link to but which no doubt google will bring up.

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So I did a bit of looking around.

The Project includes nine exploration licenses, 100% owned EL28/2659 and the Pinjin Joint Venture Exploration Licences.

The Pinjin Joint Venture is an earn-in and joint venture agreement with St Barbara Limited where the Company can earn a 51% interest and then a further 29% interest by sole funding a total of $310,000 and $500,000, respectively.

https://e79gold.com.au/laverton-south/


View attachment 3538715


EL28/2659 has had an interesting last few years, racking up several fines for failure to lodge reports, or non-compliance with expenditure obligations.

Fine in respect to : Forfeiture Process 548115
Fine reason : Non-compliance with expenditure obligations
Penalty amount : $2,185.00
Notification date : 02/05/2019
Due date : 06/06/2019

On the 11^th of June this year there was an application to amend lodged with DMIRS and the principle address was changed. The registered holder is Stakewell Pty Ltd. Looking at the IPO Prospectus for E79, Stakewell and E79 are one and the same.

The tenement has a current year expenditure commitment of $105,000 and the current financial year rental of just over $18,000 was paid up on 16^th of July.

Drilling information by SBM and E79 can be read from page 176 in the E79 Prospectus.

Here is the quick map of tenements I threw together at Tengraph.
Red = Stakewell Pty Ltd and is EL28/2659
Blue = Breaker’s Lake Roe project and
Green = St Barbara as they are mentioned in the Pinjin JV
View attachment 3538718