STTCOMP AUC FA LONG MC 45.5M SP 4.2c SOI 1,1Bn Cash approximately 1.8M
Highlights
1.2 million-ounce JORC Resource
- Resource extensions identified drilling underway - Positive Scoping study paves way for development
Low EV
- significant potential for growth - Lowest EV amongst ASX peer group -EV /Resource Oz of A$32 vs peer group average of A$223
Large Resource drill programs continuing - Results anticipated early July. Super high grade previously!
Western Australia
– best mining jurisdiction globally
Look really cheap for a proven 1.2Moz. Sitting right in WA and great scoping study. Ongoing exploration of21RC holes. Results arevery soon. Previous assays:
26m @ 6.60 g/t Au from 117m including 4m @ 37.2 g/t Au
16m @ 6.21 g/t Au from 114m including 4m @ 22.4 g/t Au
15m @ 3.66 g/t Au from 117m including 5m @ 10.4 g/t Au
12m @ 3.52 g/t Au from 120m including 3m @ 9.64 g/t Au
