Doolgunna vms, page-16

Thanks bm!

The usurpers have shown their hand. Expect a new deal with SFR imo, one that extends the farm-out/jv to include Cashmans. Renegotiate the Doolgunna and east Morcks old deal in the process.

Sandfire's Karl Simich strongly implies in a recent statement that the ground that SFR really likes is that which is along the Goodin fault. See map(s) above.

I expect that that's where the expected new deal will stop - the Goodin. from east to west.

AUR will keep its 80% of Forrest-Wodger-Big Billy - not Goodin - (other 20% is FEL) and keep on exploring it. It will also explore further north in the tenements west of Horseshoe Lights.

I can't see any AUR-SFR synergy for the near future apart from the Goodin F zone.

However, if AUR finds minable copper, then the business relationship between the 2 is likely to develop imo. That's when the H Lights copper owned by HOR will get its guernsey for the team. Maybe SFR will assume full ownership of the western Bryah one day, and everyone will have profited in the process.

HOR has copper already. It's waiting to be developed and mined.