Has a small Copper Cobalt deposit in Qld and some other Copper Gold projects in Qld
Is targeting some new Gold or base metal project acquisitions in WA too
"New Project Assessments
In line with the Company’s new corporate and strategic direction aimed at repositioning the Company for future growth, Management has undertaken a number of project reviews over resource assets during the quarter. The
assets reviewed to date lie predominantly, but not exclusively in Western Australia and cover both the precious and base metals suite.
The projects are generally at an “Advanced Exploration” or “Development Ready” level of maturity within established geological domains where a number of explorers, developers and producers are active. Management has recently advanced a small number of projects to a deeper level of evaluation involving project site visits, preliminary resource modelling and initial financial analysis.
Discussions and negotiations with owners and or potential vendors are ongoing."
SMD Price at posting:
0.7¢ Sentiment: None Disclosure: Held