A fair bit of transactions and movement at the more junior end...

A fair bit of transactions and movement at the more junior end of the market and this purchase by MEP of the old SMD Northern Hub tenements (excluding the Copper Chem Barbara Deposit) is part of that story, looks like MEP are going to call it their Highlands Project.

The deal is pretty good - not much cash for a huge suite of outcropping prospective land for MEP to explore, I had a look through the historical SMD literature and SMD actually did a lot of exploration work up to 2015 including VTEM and a large amount of soil geochemistry, but never got the chance to follow up due to their change in focus to WA gold exploration.

I particularly like the Ballara Saddle and the Blue Star areas, Ballara Saddle (10km north of Blue Star) because its a 1.5km Cu anomaly that hasn't seen a drill rig since Cyprus Minerals in the 1970s (so likely no Cu assays done) and Blue Star due to the limited number of fairly high grade and narrow Cu intersections that the SMD RC drilling did get, open at both ends.....

Images from SMD presentations below:




Lots of VTEM and Copper Soil anomalies to follow up for MEP, very prospective ground.