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

This content is intended only for persons who reside or access the website in jurisdictions with securities and other applicable laws which permit the distribution and consumption of this content and whose local law recognizes the scope and effect of this Disclaimer, its limitation of liability, and the legal effect of its exclusive jurisdiction and governing law provisions [link to Governing Law section of the Disclaimer page].

Any investment information contained on this website, including third party research reports, are provided strictly for informational purposes, are general in nature and not tailored for the specific needs of any person, and are not a solicitation or recommendation to purchase or sell a security or intended to provide investment advice. Readers are cautioned to seek the advice of a registered investment advisor regarding the appropriateness of investing in any securities or investment strategies mentioned in this website.


WA8:AU
Warriedar Resources

Warriedar Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Warriedar Resources

Warriedar Resources


Keep reading...Show less
Warriedar Resources

Further High-Grade Extensional Gold Intercepts Returned at Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to advise of further assay results from drilling undertaken at the Ricciardo deposit (previously known as Silverstone) within its Golden Range Project, located in the Murchison region of Western Australia.

Keep reading...Show less
Warriedar Resources

A$6.0M Placement to Drive Resource Growth at the Golden Range Gold Project

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to advise that it has secured binding commitments for a two-tranche placement to raise A$6.0 million through the issue of approximately 157.9 million shares at an issue price of A$0.038 per share (Placement).

Keep reading...Show less
Warriedar Resources

Warriedar Delivers High Grade Gold Extensions at Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to release assay results from drilling undertaken at the Ricciardo deposit (previously known as Silverstone) within its Golden Range Project located in the Murchison region of Western Australia. The results released today have confirmed the presence of high-grade shoots below existing oxide open pits and demonstrates the excellent exploration potential for further discoveries at Ricciardo.

Keep reading...Show less
Warriedar Resources

Drilling Recommences at Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to announce the commencement of 2024 drilling activities at its Golden Range and Fields Find Projects in the Murchison region of Western Australia. Initial activities are focussed on an extensional Reverse Circulation (RC) drilling program at the sizeable Ricciardo gold deposit.

Keep reading...Show less
Warriedar Resources

Wide, High-Grade Gold Intercepts at Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to announce the results of Reverse Circulation (RC) drilling completed at the Ricciardo deposit (previously known as Silverstone), during November 2023. Ricciardo is part of the Company’s Golden Range Project located in the Murchison region of Western Australia.

Keep reading...Show less

AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") today announced that, at the annual and special meeting of shareholders held on April 26, 2024 (the "Meeting"), the eleven candidates listed in the management information circular dated March 22, 2024 were duly elected as directors of Agnico Eagle.

Detailed results of the vote are set out below:

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") today announced that, at the annual and special meeting of shareholders held on April 26, 2024 (the "Meeting"), the eleven candidates listed in the management information circular dated March 22, 2024 were duly elected as directors of Agnico Eagle.

Detailed results of the vote are set out below:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Gold bars.

Top Stories This Week: Gold Consolidates as Stagflation Risks Rise, Copper Breaks US$10,000

The gold price corrected this week, even falling briefly below US$2,300 per ounce. While that's down from levels of over US$2,400 earlier this month, most experts aren't concerned about the yellow metal's price activity.

I asked Craig Hemke of TFMetalsReport.com about the recent pullback, and he said that it's completely normal — he noted that nothing ever goes straight up, and emphasized that a "two steps forward, one step back" pattern is healthy.

With that said, Hemke does see strong upside potential for the precious metal in 2024. He said there are a lot of technical targets that line up with US$2,650 or US$2,700, and said that's probably the next point to watch for. While those heights won't necessarily be achieved this year, he thinks gold could finish the period at US$2,400 or US$2,500.

Keep reading...Show less
Antilles Gold

Antilles Gold Takes Up Second $1.0 Million Convertible Note

Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) advises that it has exercised its option to take up a second A$1.0M Convertible Note from Patras Capital Pte Ltd on the same commercial terms as the first A$1.0M Convertible Note which was issued on 8 March 2024.

Keep reading...Show less
Astral Resources

March 2024 Quarterly Report

Astral Resources NL (ASX: AAR)(Astral or the Company) is pleased to report on its activities during the quarter ended 31 March 2024 (the Quarter).

Keep reading...Show less
Warriedar Resources

Warriedar Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×