A review of capital raisings between February 2020 and February 2021 found that of the $2.9 billion raised for gold projects in 41 countries, 75% went to projects in just five countries, Mining Intelligence says.
The indicated resources total 22.6 million tonnes at 1.34 g/t gold, for 975,000 oz., with inferred resources of 6 million tonnes grading 0.92 g/t gold.
Highlights from the latest drilling at the deposit intersected 16 metres grading 26.5 grams gold per tonne from 233 metres, including 2 metres of 115.3 grams per tonne.
Miner started drilling at the Murdie project in South Australia, despite opposition from an Aboriginal group that says the project will damage a sacred area.