Creasy rumour puts Fraser Range back on investor radars The West...

Creasy rumour puts Fraser Range back on investor radars

• The West Australian
• 27 Aug 2016
• Nick Evans

It has been relatively quiet this year in the Fraser Range, which a few years ago was the hotbed of exploration in WA. But there is a distinct sense that may be about to change.
The nickel price crisis handicapped the ability of the region’s juniors to be as aggressive as they would have liked. Independence Group has focused on the Nova nickel mine, which sparked all of the attention on the Fraser Range in the first place. And MMG, earning in to Segue Resources’ Plumridge nickel project, is too big to need to talk about exploration results.
This week’s move by IGO to pick up 90 per cent of Buxton Resources’ Fraser Range projects for a bargain $1.5 million is perhaps a sign the pace may be about to pick up.
Buxton’s ground sits next door to that held by Mark Creasy’s Ponton Minerals, which for months has been the subject of rumours it has bagged some substantial drilling results from its own tenements, just across the tenement border from Buxton.
IGO is also tipped as the subject of Windward Resources’ announcement this month that it had received approaches from “credible parties”, talking takeover or offers for its ground.
The fact that Rick “the Fish” Indrisie’s Perth Select Seafoods — best known for making a pile after taking an early position in Sirius Resources — just topped up its stake in Windward is another sign the smart money is again paying attention.
MMG, Windward and Legend Mining have done magnetic surveys of their ground with results due shortly.
A new Fraser frenzy isn’t likely unless the rumours of a new Creasy discovery are true, and only then if the WA prospecting legend floats the ground into a listed vehicle. But it’s worth turning an eye back on the region. [email protected]