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Spartan Resources Limited (ASX: SPR) is an ASX-listed gold company which is pursuing a focused high-grade gold exploration and development strategy centred on the 100%-owned Dalgaranga Gold Project, located 65km north-west of Mt Magnet in the Murchison Region of Western Australia.
With its name echoing the fearless, disciplined focus of the famed ancient Greek city state, Spartan has overseen a remarkable turnaround of the Dalgaranga Project – which produced over 70,000oz of gold in FY2022 prior to an operational reset in November 2022.
The discovery of the high-grade 721,200oz Never Never Gold Deposit, less than 1km from the existing 2.5Mtpa CIL processing plant and infrastructure, has been instrumental in this turnaround – underpinning a fresh vision and new approach based on the delineation of high-grade ounces close to existing infrastructure.
- Never Never – a high-grade, high-quality discovery with Indicated and Inferred Mineral Resources of 3.83Mt at 5.85g/t Au for 721,200oz.
- Aggressive new phase of drilling underway with 3-4 rigs – over 20km of drilling planned targeting extensions and repeats. Next MRE update due Q4 2023.
- Developing a sustainable, medium term operating plan underpinned by the ~5 year old 2.5Mtpa Dalgaranga Plant, a modern CIL processing facility.
- Murchison Region Mineral Resources – 21.9Mt @ 2.0g/t for +1.43Moz and Group Mineral Resource of 38.5Mt @ 1.6g/t for +1.96Moz.
- High-grade “365” resource development strategy implemented:
- +3ookoz high-grade Reserve ounces @ +4g/t (Never Never)
- +600koz high-grade Resource ounces @ +5g/t (Never Never)- Already achieved!
- +5-year high-grade mine plan (Dalgaranga Process Hub)
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