The easiest bolt-on acquisition is ALY's cobar tenements which sit adjacent to TLM's (see overflow and yellow mountain highlighted below). It would really complement their land holding and provide them a dominant holding.
The other thing to note here now with this land package and the cobar at whole is there are a few hungry mills around (KSN mineral hill, AMI - Hera, AIS - Tritton and Glencore - Cobar). Having milling infrastructure around makes the hurdle rate for economic discovery that much lower. Anyway - ALY has shifted focus to WA and their cobar tenements are ripe for the picking, easy win and wont cost all that much.
Quarterly, page-6
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