Well done to the RMS team, the numbers say it all. Even with the tax payment (.... SPR might be able to help out massively after June 30.... in FY26!).
Though funnily enough, the second page is what interested me more, as we are provided another breadcrumb by MZ and SL regarding the true potential of the assets when combined. Yalgoo makes it's debut on the RMS maps.. why you ask...
Well... on the Spartan website, under 'core assets'.
My speculation is... that Yalgoo holds a almost fully permitted, infill drilled open pit, with low strip ratios, just 60km from Mt Magnet, which could be used to further 'fill the gap' at Mt Magnet whilst the large Eridanus open pit cuttback starts (over a few years). Yalgoo holds soft oxide ore... perfect for Mt Magnet that usually has to chew through hard rock. 2 years of say, 70k ounces p.a sent to Mt Magnet would further bring forward more ounces to the combined mine plan...
Yet Yalgoo is basically valued at zero by the market, or was....
Anyway, looking forward to seeing if I am slightly on the right track
RMS Price at posting:
$2.30 Sentiment: Hold Disclosure: Held
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