Spartan Resources Reports Significant Mineral Resource Increase and New Gold Discovery

Gascoyne Resources Limited ( (AU:SPR) ) has issued an update.

Spartan Resources announced a significant increase in its high-grade Mineral Resource at the Dalgaranga Gold Project, with a combined 2.37 million ounces at a grade of 8.66g/t from the Never Never and Pepper deposits. The company also confirmed a new gold discovery at the Freak prospect, and is progressing towards transitioning Dalgaranga into a high-grade underground mining center. Key regulatory approvals have been obtained for mining and processing activities, and corporate developments include a $220 million placement to fund ongoing projects and the appointment of new directors. Spartan is finalizing feasibility studies to support a production re-start decision, demonstrating strong growth potential and operational readiness.

More about Gascoyne Resources Limited

Spartan Resources Limited is a company in the mining industry, specializing in the exploration and development of gold projects. Its primary focus is on the Dalgaranga Gold Project, which includes the high-grade Never Never and Pepper gold deposits.

YTD Price Performance: -0.32%

Average Trading Volume: 575

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.25B

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