I thinks it’s important to reiterate that we are drilling in...

I thinks it’s important to reiterate that we are drilling in elephant territory a mere 150m away from the company’s 100% owned Penny West open pit -

The Penny West project lies on two adjacent, granted mining leases and produced 85,000 ounces of gold from open pit mining during 1991-92, at an eye-watering grade of 21.8 grams per tonne gold.

A further 33,240 tonnes of “low” grade stockpiles were also treated, producing 4,000 ounces at a grade just shy of 4g/t gold.

This makes the deposit one of the highest-grade open pit gold mines ever worked in WA, generating an impressive 1,000 ounces of gold per vertical metre mined.

The current JORC compliant mineral resource estimate of 230,000 tonnes grading 4.8g/t gold for 36,000 ounces, sits below the existing open pit, with nearly 78% of the gold contained within the confident “indicated” resource category.

Talk about undervalued ....