Spartan Resources releases updated mineral resource estimate

Spartan Resources (ASX:SPR) has announced an updated Mineral Resource Estimate (MRE) for its Dalgaranga Gold Project in Western Australia. The update reveals a significant increase in high-grade underground resources at the Pepper and Never Never gold deposits. The combined MRE for these deposits is now 2.37 million ounces of gold at 8.7 grams per tonne.

Overview of Spartan Resources' mineral resource update

Spartan Resources has significantly increased the high-grade underground resources at its Dalgaranga Gold Project, with the combined MRE for the Pepper and Never Never deposits now at 2.37 million ounces of gold at 8.7 grams per tonne. The update includes an increased grade and a substantial portion of resources classified as Indicated, aligning with Spartan's strategy to develop a high-grade underground mining operation. The company is conducting an intensive drilling program to further enhance the project's resources, with a focus on the newly discovered Freak prospect. Future goals include delivering robust MRE upgrades and progressing feasibility studies to support a production restart. The project benefits from proximity to existing infrastructure and high gold recoveries, supporting economic extraction.

Executive insights on mineral resource update

Interim Executive Chair Simon Lawson highlighted the exceptional drilling success and the robust high-grade gold system at Dalgaranga.