40% Mt ida with LCY, page-28

in addition to the Mt Ida SGQ factor it also has some decent spec gold prospects

So its undervalued on the above alone and you get the below gold for free

Trouser Legs – Anglo Saxon Project
(Hawthorn Resources70%, Gel Resources 30%)
Hawthorn has announced a Mineral Resource Estimate at the Anglo Saxon Deposit of
Indicated Mineral Resource – 599,000t at 3.3 g/t gold for 63,700 oz of gold (Oxide and Transition Zones), and
Inferred Mineral Resource – 1,687,000t at 4.1 g/t gold for 221,800 oz of gold (Oxide, Transition and Primary)

Has received approval to mine this project but for the life of me I cant find a scoping study on the deposit


Deep South Project
(Hawthorn Resources 80%, Metals X 20%)
A substantial conductivity anomaly with significant depth extent has been identified immediately to
the east and in the footwall of the previously announced Central Zone of gold mineralisation where
gold intercepts reported have included:
5.0 metres @ 7.05 g/t Au – DSC049,
6.0 metres @ 6.06 g/t Au – DSC 060
3.0 metres @ 8.13 g/t Au – DSC072,
17.0 metres @ 2.35 g/t Au – DSC073,
14 metres @ 3.50 g/t Au – DSC123