A strength of the $4B Ramelius Resources (RMS) and Sparton Resources (SPR) transformation deal making headlines today is the combination of operational and exploration expertise.RMS has immense operational expertise but little on the discovery side.
RMS strategy is to wait for juniors like Spectrum to find the gold (Penny Gold) and then to swoop on them with low ball TO’s.
Rox has dodged a low ball bullet imo.
On the other hand, Sparton Resources has demonstrated excellent discovery expertise with its Never and Pepper deposits holding 2.3Moz @ 9.32 g/t, building on the flagship Dalgaranga Gold Project.
Combining operational expertise and high-grade exploration success is a deliberate strategy of Hawke’s Point now being executed by CEO Phill Wilding.
The Rox team is now settled, Phill has the people he wants to bring Rox into production.
Note that Phill Wilding is both Managing Director and CEO of the company, so he’s not just in charge but actively managing.
We are currently seeing Rox do exceptionally well with its Step Up drilling campaign.
Now the company’s high-level operational capacity, mainly through Wildings' tenure at WestGold is coming into play in areas.
such as modelling the resource for the MRE and DFS.
Instos continue to snap up Rox shares and the next top 20 is likely to show new holdings about 5%.
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