Spartan Resources Ltd

About

Spartan Resources Limited ("Spartan") is an ASX-listed gold exploration company, based in Western Australia. The flagship asset is the Dalgaranga Gold Project ("Dalgaranga") located approximately 65km from Mt Magnet in WA's Midwest.

The former Gascoyne Resources commenced gold production at Dalgaranga in May 2018 operating one of the lowest cost gold processing plants in Australia. In late 2022 mining operations were placed into Care and Maintenance after a period of sustained industry cost inflation and low head grades.

Prior to shuttering mining operations, mid 2022, Gascoyne had made a high-grade discovery, the Never Never Gold Deposit, just 1km from the Process Plant.

The company has now drilled out the high grade discovery and established a substantial Mineral Resource Estimate of 721,000 ounces @ 5.85g/t, including 90,000 ounces @ 2.2g/t gold mineralised from surface and an underground component of 630,000 ounces @ 7.6g/t gold, as the cornerstone to a new +5yr high-grade mine plan. The plan centres around aggressive resource definition and exploration drilling through 2023 to define the required high-grade mining inventory to justify a potential restart decision in mid 2024.

Gascoyne officially changed it's name to Spartan Resources Ltd (ASX : SPR) on August 28th 2023.

Spartan reflects a fearless mindset and a "strength in team" approach to challenge. Spartan symbolises the "succeed against the odds" and the underdog story that has been the journey so far

Spartan is committed to delivering fundamental outcomes and creating value for shareholders.

Spartan strategy is clear. Preserve and protect what we have, discover, define and deliver high-grade ounces and grow the value of our assets for all Spartan shareholders.

Keywords

mining, gold, minerals, exploration, mining production, surface mining, projects, resources, mineral assests

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