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ASX penny stocks – resources – Western Australia – Menzies

NOTE: In 2021/2022, EVN consolidated the Mungari district (5Moz resource and 1.2Moz reserve including 0.58Moz@4g/t acquired assets) by acquiring all NST’s assets for $400m, and it expands the mine life to 12+ year with annual production of 200kozpa; SBM took over BDC (3Moz resource and 1Moz reserve) with first production planned in FY24; ASX penny stock ARL has been awarded the major project status by the federal government partially due to its significant land package in the region but with laterite soil classification; and Mark Creasy took a 20% position in the Chinese explorer ZAG while OBM restructured its management.