ASX penny stocks – gold resources summary
Below is a list of ASX gold stocks with defined resources. Some hopefuls are highlighted in red.
DEG’s 7m low grade resources at 0.7 g/t cut-off worth around $200 per oz. BDC & AOP’s takeover prices were at $150 per oz.
| MC($M) | CASH&INVEST | EV | LOCATION | RESOURCE | GRADE & CUT | PER OZ | NOTES | |
|---|---|---|---|---|---|---|---|---|
| BDC | Menzies | 1007000 | 2.0 g/t | 153 | takeover by SBM $154m script at DFS | |||
| AOP | Lake Rebecca | 1105000 | 1.2 g/t@0.5 | 150 | taken over by RMS at resource growth | |||
| BRB | Lake Rebecca | 1189000 | 2.4 g/t@0.8&1.8 | 45 | takeover by RMS | |||
| DCN | Laverton | 436000 | 1.1 g/t@0.5&2.0 | 42 | takeover by GMD $100m script, free $70m 2.9mtpa mill | |||
| MGV | Cue | 927000 | 2.3 g/t | 200 | takeover by RMS $201m script at PFS | |||
| AUC | 121135467.7500 | 24000000 | Invalid date | Katanning | 1280000 | 1.25g/t | 0 | reserve |
| MEK | 40745394.7560 | 2607000 | Invalid date | Meekatharra | 410000 | 3.1 g/t@0.5&1.5 | 0 | reserve |
| RED | 1489749002.09 | -40600000 | Invalid date | Leonora | 2314000 | 1.1 g/t | 0 | $100m for the new mill, minus 150koz unprofitable hedge |
| RMS | 2143007182.5 | 183467000 | Invalid date | Mt Magnet | 930000 | 1.6 g/t | 0 | net current cash, excluding mills |
| RRL | 1669298765.68 | -268670000 | Invalid date | Tropicana | 1580000 | 1.1 g/t | 0 | net current cash, excluding mills & McPhillamys |
| WGX | 1004080187.6 | 88000000 | Invalid date | Murchison | 1954000 | 2.68 g/t | 0 | net current cash, excluding mills |
| Kalgoorlie/Menzies | ||||||||
| AAR | 65463827.52 | 4000000 | Invalid date | Kambalda | 954000 | 1.2 g/t@0.5 | 0 | only count Mandilla resource where PNR bought MXR |
| HRZ | 40268128.6440 | 9000000 | Invalid date | Kalgoorlie | 1204541 | 1.71 g/t@1.0 | 0 | many small sites 3rd treatment; $6m RVT |
| Sandstone/Youanmi | ||||||||
| AME | 31025496.3960 | 2800000 | Invalid date | Sandstone | 621000 | 2 g/t@1.0 | 0 | |
| RXL | No value | 7800000 | Invalid date | Youanmi | 1004000 | 3.57% g/t@0.5&3.0 | 0 | surface resource only; $2m Mt Fisher |
| Pilbara | ||||||||
| AZY | 49617694.944 | 6320000 | Invalid date | Paterson | 975000 | 1.6 g/t@0.5&1.5 | 0 | as per scope study (21.4Mt@1.6 g/t@90% recovery) |
| Meekatharra/Cue | ||||||||
| GBR | 37587880.06 | 3900000 | Invalid date | Meekatharra | 388500 | 2.6 g/t@0.5&1 | 0 | |
| ODY | 23370649.4840 | 4861000 | Invalid date | Meekatharra | 226400 | 3.9 g/t@2 | 0 | 80% of high grade |