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ASX penny stocks – resources – Western Australia – Paynes Find

NOTE: The Paynes Find region hosts gold, copper and iron ore.

SLR has been operating its high-grade Deflector deposit and Rothsay deposit (784k reserve@5.1 g/t) since 2019. Since then, it managed to grow reserve by 540k oz net of depletion as of 2021. Savvy operator CMM also acquired the low-grade Mt Gibson Project (79.7Mt@0.8 g/t for 2,083koz) for $40m in 2021, and it expects to make development decision in December 2022.

29M operates its Golden Glove copper mine for a long time, it currents has defined ore reserve of 236kt copper@1.9% plus gold, silver and zinc offset.