Been snacking a few myself bevter- best of to us that have deployed capital.
Couple of considerations with this one So there has been considerable emphasis in previous ann regarding defining the resource -in ground OZ's.
Given its basically at surface & defined open beyond 200 mts & strike length some 200-400 mts -the latter yet to be confirmed, it would seem very likely the top could be accessed given its at surface with an excavator at a very low strip ratio- cost base.
Does any one have the distance to the closest mill whereby mineralised ore could be toll treated, ore at least economic assessment could be done ? This could well get the attention of a mid cap or major given the exploration potential within the tenements & could be reasoning for results being delayed in that their are lets say considerations possibly taking place -not saying there is mind you just mind full that the tanami is a hot region at the moment & we are to the East & further entities joining the J.V. are very plausible consideration . Extract-Quote the association of Cu ± Sb minerals such as enargite and Cu minerals such ascovellite, chalcopyrite, chalcocite and bornite with Au and Ag as reported from Waldrons is typically a strong indicator of high-sulphidation epithermal gold systems. Hence,some prospects at the North Arunta Project could have formed in a shallow crustal epithermal environment "above deeper porphyry systems" associated with Cu, Au and/or Mo. Whilst further evidence will be required to prove (or disprove) this hypothesis, it would serve to explain the occasional Cu-Mo geochemical element associations and Au-Ag (± As, Sb)anomalism,in particular at the Tulsa and Lennon prospects. Given the occurrence of a possible intrusion-related gold system in the nearby "GRANITES "-Tanami Orogen the above is a likely scenario for the North Arunta region also.
For those that don't know The Granites is Newmonts NEM flag ship producer to the South West of the Western End of GLA & PRX J.V.-tenements. Newmont completed a very big expansion a couple of years back & mine life was extended considerably .
