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Gascoyne Resources Limited ( (AU:SPR) ) has provided an update.
Spartan Resources Limited has initiated an extensive 85,000-meter drilling program at its Dalgaranga Gold Project, aiming to expand its resource base and upgrade resource classifications. The drilling efforts, which include both surface and underground activities, are expected to contribute significantly to resource growth, with promising assay results already indicating potential for new high-grade discoveries. The company anticipates updating its Mineral Resource Estimate by mid-2025 and is making strides in underground development, notably the Juniper Decline, to enhance operational capabilities. These developments come amidst a favorable gold market, positioning Spartan to capitalize on growth opportunities and enhance shareholder value.
More about Gascoyne Resources Limited
Spartan Resources Limited is a company operating in the gold mining industry, primarily focused on the exploration and development of high-grade gold resources. Its main project, the 100%-owned Dalgaranga Gold Project, is situated in the Murchison region of Western Australia.
YTD Price Performance: -0.32%
Average Trading Volume: 277
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.09B
See more insights into SPR stock on TipRanks’ Stock Analysis page.
