The Assay - Australian Research Independent Investment Research – Spitfire Materials Limited (ASX:SPI)
ADVERTISEMENT
The Assay - Mining investment news, insights and company profiles
Mining investment news, insights and company profiles
No Result
View All Result
Subscribe
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
The Assay - Mining investment news, insights and company profiles
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
No Result
View All Result
Subscribe
The Assay - Mining investment news, insights and company profiles
No Result
View All Result
Home Articles

Australian Research Independent Investment Research – Spitfire Materials Limited (ASX:SPI)

By IIR (Independent Investment Research)

byThe Assay
5 years ago
Reading Time: 2 mins read
Australian Research Independent Investment Research – Spitfire Materials Limited (ASX:SPI)

The synergies inherent in the proposed merger of Spitfire Materials Limited (“Spitfire” or “the Company”) and Excelsior Gold Limited (ASX:EXG, “Excelsior” or “EXG”) should result in the merged total being more than the sum of the parts. A successful completion will see the combination of the current gold resources, located less than 20km apart, to 2.1Moz, which should form a critical mass to justify the merged entity to look towards development options for a combined project. The planned merger continues Spitfire’s strategy to grow into a mid-tier gold producer, following on from the acquisition of Admiral Gold and the merger with Aphrodite Gold, both in 2017.

The two key gold projects, Aphrodite (Spitfire, 1.26 Moz) and the Kalgoorlie North Gold Project (“KNGP”, EXG, 0.825Moz) are located within the Bardoc Tectonic Zone (“BTZ”) immediately to the north of Kalgoorlie in Western Australia, and thus form a natural fit for a combined development and provide operational and development synergies should the merger, with completion planned for September, be successfully completed.

Also in the mix is Spitfire’s Mulwarrie Gold Project located some 65km from Aphrodite, with drilling subsequent to our October 2017 initiation report returning very positive results. Positive drilling results have also been returned from Aphrodite, and as well as the Alice River Project in Far North Queensland – all results highlight the upside potential of the mineralisation.

Recent drilling by Excelsior at the KNGP has led to an upgrading of the Mineral Resource Estimate (“MRE”), with activities now concentrated on testing numerous prospects outside of the main resource areas with a view to expanding resources. There is also renewed interest in the legacy South Woodie Woodie Manganese Project, which provides a timely opportunity to enter into the growing battery mineral markets.

It will be business as usual for Spitfire (and Excelsior) in the months leading up to the expected completion of the merger in September, with appreciable ongoing activities, including drilling, providing steady newsflow.

View Full Report
TweetShareSend
Previous Post

Presentation: West Wits Mining

Next Post

Mild dip-buying returns to base metals complex

Related Posts

Great Boulder Achieves More ‘Spectacular’ RC Results at Mulga Bill
News

Great Boulder Achieves More ‘Spectacular’ RC Results at Mulga Bill

byColin Sandell-Hay, Contributor - The Assay
27 March, 2023
92E Hits High-Grade Mineralization and Extends Gemini Uranium Discovery
News

92E Hits High-Grade Mineralization and Extends Gemini Uranium Discovery

byColin Sandell-Hay, Contributor - The Assay
27 March, 2023
Sipa and Rio Agree on 2023 Paterson North Exploration Programme
News

Sipa and Rio Agree on 2023 Paterson North Exploration Programme

byColin Sandell-Hay, Contributor - The Assay
27 March, 2023
Voltaic Confirms Promising Maiden REE Drilling at Paddys Well
News

Voltaic Confirms Promising Maiden REE Drilling at Paddys Well

byColin Sandell-Hay, Contributor - The Assay
27 March, 2023
Ragusa Commences NT Lithium Project Diamond Drilling
News

Ragusa Commences NT Lithium Project Diamond Drilling

byColin Sandell-Hay, Contributor - The Assay
27 March, 2023
Panther Metals to Raise A$2.7M to Grow Nickel-Cobalt Resource
News

Panther Metals to Raise A$2.7M to Grow Nickel-Cobalt Resource

byColin Sandell-Hay, Contributor - The Assay
27 March, 2023
Next Post
Mild dip-buying returns to base metals complex

Mild dip-buying returns to base metals complex

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Articles

  • The Rise and Rise of Indonesian HPAL – But Can It Continue?

    The Rise and Rise of Indonesian HPAL – But Can It Continue?

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Palladium vs Platinum

    0 shares
    Share 0 Tweet 0
  • Zinc Mining & Market Outlook 2022-2025

    0 shares
    Share 0 Tweet 0
  • For Rare Earths It’s All About the Magnets

    0 shares
    Share 0 Tweet 0
  • The Assay’s Guide to Manganese Mining and Production

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Articles
  • Investor Discussions
  • CEO Interviews
  • Company Profiles
  • Newsletter
  • Magazine
  • About Us
  • Our Team
  • Contact Us
Hyve logo

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay

No Result
View All Result
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay

Go to mobile version