Short term pain for long term gain

Most would agree, exploration is the key to reaching new highs after todays resource announcement. Talisman raise before the resource announcement was hell of a warning about the resource estimate, but I like many were sold by the idea of 1.2-1.5 million @ 10%, however I am very bullish about near term exploration success. GLTA

Ongoing Exploration

The discovery of the high-grade Monty deposit represents a major breakthrough for the ongoing
exploration of the Doolgunna region, providing a focal point for exploration activities and confirming
the prospectivity of the host corridor which has excellent potential for additional VMS discoveries.
The discovery and delineation of the Monty deposit has provided invaluable information and insights
to Sandfire’s geological team which, together with the extensive bank of information accumulated
over the past six years at DeGrussa, will help to refine and target ongoing exploration programs.
A number of exploration activities are either already underway or planned to commence in the Monty
area over the coming months including:
Systematic aircore drilling to accurately delineate the interpreted VMS horizon along the
prospective host horizon;
Reverse Circulation drilling (with diamond tails if required) within the interpreted VMS horizon
along strike from Monty to inform the interpretation of the host stratigraphy;​

Diamond drilling to test the areas down-dip and down-plunge of the Monty deposit;

DHEM surveys of all RC and diamond drill-holes as part of this new phase of exploration
following completion of the resource definition drill-out; and
Development of a structural geology model to provide additional context regarding the​

location and geological setting of Monty.

I also liked Chico Rolls comments. Possibly mining within a year???

“With an average Mineral Resource grade of 9.4% copper and 1.6g/t gold – including a high-grade
massive sulphide component grading 12.1% copper and 2.1g/t gold – Monty stands out as one of​

the highest grade VMS deposits discovered anywhere in the world in the past three decades.

“The focus of these studies will be to determine the best way of unlocking the value of this strategic
deposit which will include leveraging off the existing processing plant and infrastructure we have at
DeGrussa. At the same time, we are continuing with an extensive exploration program, both in the
immediate Monty area and further afield, with the objective of discovering more high-value coppergold
deposits.”
SANDFIRE RESOURCES NL Page 7
“We have long believed that the Doolgunna field contains multiple VMS deposits, and we now have
definitive proof of that theory,” Mr Simich continued. “We are confident that this is just the beginning
of a new chapter of exploration success at DeGrussa and, with the recent breakthrough at Monty,​

we intend to leave no stone unturned to find more.”