These two tenements became open ground by way if partial...

These two tenements became open ground by way if partial surrender by SLS:ASX/Crosspick Resources JV.

I haven't seen any applications by anyone else.

With NXM's understanding of the immediate geology who knows what they might find.














Interestingly at Hobbes, SLS spent two years drilling amounting to 50x50m spaced drilling for a 100% inferred resource of 177koz but with a 0.6g/t cutoff and average grade of 1.6g/t.

Even with a cutoff of 1.2g/t SLS's 100% inferred 1.8g/t for95koz.

NXM is 2.12g/t Au for 175,000 ounces contained gold (1g/t cut-off) roughly 50% inferred and 50% indicated + 500-800koz of exploration target to be proven up with infill drilling just at the 3% of the existing project drilled so far.

The NXM resource is a much better local prospect by comparison - and will be more so as NXM converts exploration target to JORC.

It will be interested to see what Andy Tudor sees and finds in the tenements I suppose - I haven't seen any other applications made for them!