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Ann: Becoming a substantial holder, page-9

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  1. 11,557 Posts.
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    I went to the Gold Coast RRS Conference at which Karl Simich presented the other day. He was readily available for a booth chat too, of which I availed myself a couple of times.

    It is very clear that KS has big ideas for SFR. It is an expansionary vision that he and the BoD have for SFR. It's now WA, NSW, Q'ld, USA and Bosnia Herzegovina via an interest in ADT. It's likely to get bigger too - maybe South America.

    But sticking locally and to WA, his actions while presenting indicated that he has expansion on his mind in the Bryah Basin too. Those who spoke with him about the AUR farm-in land and those who were there when he presented know that he and his team really like the farm-in area. He seemed quite excited about it in fact.

    Interestingly though, when finishing up his presentation and pointing to the screened map, he moved his pointer further west along the Goodin Fault virtually right to the end of the AUR tenements. It was if he was going to explore that extended area. Hmmm! I thought!!

    Now, there is a very good chance that there will be an expansion if the right agreement can be reached. I base this assessment on 2 things:

    # on the information in this AUR ann of 23/3/18 ann https://www.aurisminerals.com.au/wp...-to-Media-23-March-2018-Final-for-release.pdf' and

    ## the fact that the proponents of that 'deal' would now seemingly have the support of the new Board (or 75% anyway) following the success of their spill.

    Check out this from the 23/3 report to see what extra ground SFR may farm-in.

    Red outline is the existing SFR-AUR farm-in land (some is FEL too).

    Blue outline is not SFR. There is quite a bit, but only Cashmans is on the Goodin fault. That's where Karl's pointer went.

    Also in red (not my doing) are red lines which represent the mapped VMS horizon (as per the table top RH corner). These are the 'go-to' spots, as identified so far anyway.

    aur sfr map 23 3 18.JPG
 
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