Warriedar Resources: in the shadow of the headframe

Warriedar Resources: in the shadow of the headframe

Description

According to a report released by the Australian Independent Investment Research (IIR), Warriedar Resources Limited (ASX:WA8) holds investment potential due to the expected newsflow from the company's active exploration underway in Western Australia. "As such we expect positive results and steady newsflow, which should drive value in Warriedar, which is currently trading at a relatively low valuation compared to peers," stated the report.


Warriedar Resources has a strong and stable portfolio of gold assets in both Western Australia and Nevada, currently holding more than 2 million ounces of high-grade gold resources with blue-sky potential for growth.


investingnews.com.au



IIR’s report stated the following key points:

  • Brownfields Exploration: Many discoveries are made “in the shadow of the headframe”, and by revisiting areas that were previously mined for different mineralisation types - that is pertinent with the primary mineralisation opportunity in areas that were mined for oxide gold.
  • World Class Mining District: Western Australia is one of the world’s global mining powerhouses, including being a major gold producer, with the skills and services that that entails.
  • Excellent Infrastructure: The region is served by infrastructure, and is close by largely tarred road to the cities of Geraldton (300 km) and Perth (420 km). The Golden Dragon mine site has a plant, camp and ancillary infrastructure, and can be readily reconnected to the electricity grid.
  • Well Defined Resource: The Western Australian projects include a well-defined resource of 19.2 Mt @ 1.5 g/t Au for 945 koz contained gold - this is in addition to the 16 Mt @ 2.0 g/t for 1.03 Moz contained gold at Big Springs.
  • Well Understood Mineralisation: All of the Company’s target mineralisation styles are well understood, with these being currently and/or historically mined in the region.
  • Resource Upside: There is considerable potential to expand current resources, through extensions to the known mineralisation, and through new discoveries.
  • Strong and Committed Board and Management: The Board and Management have the requisite skills, and a history of success. Steady News Flow: Given the comprehensive exploration programme, we would expect steady news flow over coming months


Click here for the full report

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Montage Gold logo (CNW Group/Montage Gold Corp.)

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This press release contains certain forward-looking information and forward-looking statements within the meaning of Canadian securities legislation (collectively, "Forward-looking Statements"). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as "will", "intends", "proposed" and "expects" or similar expressions are intended to identify Forward-looking Statements. Forward looking Statements in this press release include statements related to the use of proceeds from the Offering; the final acceptance of the TSX Venture Exchange; the Company's mineral reserve and mineral resource estimates; the timing and amount of future production from the Koné project; expectations with respect AISC of the Koné project; anticipated mine life of the Koné project; and expected recoveries and grades of the Koné project. Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties inherent in the preparation of mineral reserve and resource estimates and definitive feasibility studies such as the Mineral Reserve Estimate and the UFS, including but not limited to, assumptions underlying the production estimates not being realized, incorrect cost assumptions, unexpected variations in quantity of mineralized material, grade or recovery rates, unexpected changes to geotechnical or hydrogeological considerations, unexpected failures of plant, equipment or processes, unexpected changes to availability of power or the power rates, failure to maintain permits and licenses, higher than expected interest or tax rates, adverse changes in project parameters, unanticipated delays and costs of consulting and accommodating rights of local communities, environmental risks inherent in the Côte d'Ivoire, title risks, including failure to renew concessions, unanticipated commodity price and exchange rate fluctuations, risks relating to COVID-19, delays in or failure to receive access agreements or amended permits, and other risk factors set forth in the Company's 2023 AIF under the heading "Risk Factors". The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Montage to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

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Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/montage-gold-announces-notice-of-annual-general-meeting-along-with-proposed-director-nominees-302148393.html

SOURCE Montage Gold Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/17/c6524.html

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