Thoughts, page-16

Further info from GBZ who are the only mob to have most of these leases in recent history.

One rather large attempt to sell their holding to an offshoot Canadian interest. This finally failed in 2023 probably due to low gold price.

Historical exploration points to some fairly decent results in the past

This is picture from GBZ showing rather interesting EM results in 2012 at Smelter Return prospect.



GBZ has intention of doing a couple of 200m holes at Sandy Creek Prospect in which soil samples up to 8g/t au.

It doesn't look like it was ever done as they got side tracked with many other things.

This may be a case of forgotten gems that are now worth spending the money exploring. The price of gold would certainl;y get their attention and I can sort of see what they trying to achieve here.

A media frenzy if gold is found at Mt Morgan again
Close to infrastructure and work force.
Critical metal to boot.

They only have to find a lazy million ounces and these guys are legends. A 3 billion dollar resource. And in reality if they find that, there is more for sure.

Have they pulled off something good? Maybe, but im sure they have ensured they benifit privately first, which is their game.

Always back self interest

Cheers

wad