The Global Resource is in fact 900k oz Au equivalent. It is...

The Global Resource is in fact 900k oz Au equivalent. It is mostly Cu in that Global Resource. In fact there is only 145k oz of Au in the Nth Region Resource from the 800k oz Au equivalent Jorc Resource that is spread over 3 x deposits. They being:

Gecko (no Au, all Cu in a 200k oz Au equivalent)
Goanna (15k oz AU from a 300k oz Au equivalent)
Orlando (130k Au from a 300k oz equivalent)

A further Jorc Resource is identified at Chariot and that is in the Sth Region. ERM have divided their tenements into 4 exploration and mining regions and there is no Jorc Resource for the East and West Regions to date. The Chariot Jorc Resource is 99k oz Au and that is high grade gold at 17.4 g/t....... but it is relatively small deposit at 170k tonnes of ore. It is not a discovery that stands alone as a significant resource to be exploited on a large scale. That means it is another small mine at this stage.

So......... bottomline.......... the above discoveries are enough to create short term SP excitement but far from creating any long lasting or significant re-rating of the market cap.

The key to the Tennant Creek region is finding a large IOCG deposit......... and Edna Beryl does look highly prosperous so far. Obviously EVN think there is something significant to find out there because their JV expenditure plan is very instructive for that deduction.

However, as of yesterday I'm much more excited about the Kadungle prospect. They have discovered a 4km square mineralised field that is highly indicative of a large Au/Cu Porphyry ore body supported by the prospect of finding a shallow Epithermal gold deposit. If proven as a discovery then watching the M/C soar will be exciting. My concern about Kadungle is the closeness of the tenement boundary to the west and it would be very sad to find that the Porphyry ore body is not on ERM land. Time will tell, lay your bets and sit back to watch the race. I'm backing the favourite hahaha

Cheers