Well done re DEG! There is a lot to absorb regarding AUR's...

Well done re DEG!

There is a lot to absorb regarding AUR's happenings over the past few years. I would suggest reading the last 2 years' AGM report for a start though - 2019 then 2020.

Although AUR has some 100%-owned tenements (Feathercap and so on), its farm-out to/jv with SFR with Doolgunna, Morck Well, Cashmans and Cheroona has meant that a fair percentage of its fortunes lie with the exploration by SFR. Its share of the spoils will be say about 30% but it will continue not to spend its own cash of finding out what's there or not there.

The other change of importance is that Westgold now holds 20% of Forrest-Wodger-Big Billy, meaning it has 20% of base metals. It bought from FEL. It continues though to hold all gold rights - same as before. Each company explores independently, seemingly. How will that work out in the end if deposits are found containing both gold and base metals? Interesting!