Spartan Resources awards contract for Dalgaranga Gold Project

Spartan Resources Limited (ASX: $SPR) has awarded the contract for the development of an underground exploration drill drive at its 100%-owned Dalgaranga Gold Project to Barminco Limited. The contract, valued at approximately $18.3 million, will provide twin decline access for the establishment of underground drilling platforms to in-fill and extend mineralisation within the Never Never, Pepper, Four Pillars, and West Winds areas. All regulatory mining approvals are in place, and construction is set to commence in the current quarter.

Spartan Managing Director and CEO, Simon Lawson, on the development contract

We are delighted to have Barminco on board to complete the construction of this new drill drive, which represents a very exciting initiative that will enable us to drill from platforms located right alongside our high-grade deposits and targets. This will provide for cheaper, more accurate and quicker drilling to continue to accelerate our Resource growth and conversion to Ore Reserves. All of the high-grade deposits and prospects discovered at Dalgaranga over the past two years remain open at depth, and we're very excited to get the underground rigs in place to help determine just how deep this high-grade mineralisation extends. Construction of the drill drive is set to kick-off later this Quarter and is expected to take approximately 10 months to complete. In addition, we will also shortly re-commence surface drilling programs, ensuring plenty of exciting news-flow for shareholders in the months ahead.

Summary of Spartan Resources' development contract for Dalgaranga Gold Project

Spartan Resources Limited has awarded a development contract for an underground exploration drill drive at its Dalgaranga Gold Project to Barminco Limited. The contract, valued at approximately $18.3 million, will provide twin decline access for the establishment of underground drilling platforms to in-fill and extend mineralisation within the Never Never, Pepper, Four Pillars, and West Winds areas. The drill drive has been designed to support future mine production activities and is expected to commence construction in the current quarter. The Managing Director and CEO, Simon Lawson, expressed excitement about the initiative, emphasizing its potential to accelerate Resource growth and conversion to Ore Reserves. The company also plans to re-commence surface drilling programs, targeting various near-surface anomalies, ensuring a promising outlook for shareholders.