Berkshire is hoarding so. much. cash.
How did Sunshine Metals Achieve a Significant Increase in the Liontown Resource?
Liontown Resource Surges: A Game Changer for Sunshine Metals
Sunshine Metals Limited has announced a substantial update to the Liontown deposit within the Ravenswood Consolidated Project, marking a pivotal moment for the company and the wider mining industry. The total mineral resource at Liontown has seen a 21% increase, now standing at 2. 94 million tonnes at 10. 6% Zinc Equivalent (ZnEq), with a significant portion of the resource shifting to the Indicated category.
This update not only reaffirms Liontown's potential but also significantly boosts the overall resource estimate for the Ravenswood Consolidated Project to 5. 45 million tonnes at 12. 0% ZnEq.
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Liontown's Leap: Resource Reassessment Reveals Major Gains
The latest drilling campaigns and geological reassessments at Liontown have resulted in a 116% increase in Indicated Resources, now accounting for 63% of the total resource. The detailed exploration and reevaluation efforts have uncovered higher grades across the board, with notable increases in contained gold and copper, aligning with Sunshine Metals' strategic focus on these metals since September 2023.
Impact on Ravenswood Consolidated Project
The upgrade at Liontown has significantly contributed to the overall resource increase of the Ravenswood Consolidated Project. The project's total resources now amount to 5. 45 million tonnes at 12. 0% ZnEq, with 47% classified as Indicated Resources. This growth underscores the project's evolving scale and potential as a key player in the global metals market.
Strategic Exploration and Future Prospects: Targeting High-Value Zones
Sunshine Metals has commenced further drilling at Liontown, specifically targeting gold and copper-rich zones identified in the footwall area. These efforts are aimed at expanding the known high-grade zones and exploring new potential feeder fault zones, with recent drilling results already showing promising high-grade intersections.
The Road Ahead: Expansion and Exploration
The company has outlined a comprehensive exploration strategy for 2024, including a new drilling campaign and an IP geophysical survey to refine target areas. This proactive exploration plan is set to further delineate the resource potential at Liontown and the surrounding areas, with a particular focus on the under-drilled "Gap Zone" and the prospective Tigertown and Cougartown areas.
The substantial increase in the Liontown deposit's resource estimate marks a significant milestone for Sunshine Metals and the Ravenswood Consolidated Project. The strategic shift towards gold and copper, coupled with the aggressive exploration strategy, positions Sunshine Metals to unlock substantial value from Liontown. With only 25% of the project area drilled to date, the potential for further resource growth is immense, promising exciting developments for Sunshine Metals and its stakeholders in the coming year.
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Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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