WARRIEDAR RESOURCES LIMITED (ASX:WA8) HAS AN EXCITING VMS PROJECT COMING

✦ This story from Amanda Buckingham, Managing Director and CEO of Warriedar Resources Limited (ASX: WA8) is about a project with limited deep drilling and a previous focus on gold only.

It's not everyday that we come across a great story. Noel Ong, CEO of Samso knew it was worth the wait. He reached out to Amanda Buckingham late last year, and finally got to meet Ms. Buckingham and hear her take on Warriedar Resources' journey now.

At that time, the company was still finalising their acquisition and in transition. Now the acquisition is complete, and the company's journey is looking even more interesting than ever. Right this minute, you're getting the exciting news straight from the horse's mouth here.

Warriedar Resources was once Anova Metals Limited. The company changed its name when they acquired the Murchison projects - Golden Range and Fields Find (see Fig.1).

And these new projects are making people sit up and take notice.

What's positive about the Warriedar Story?

1. Limited deep drilling.

2. Has a history of focusing on one commodity (gold) and one style.

3. Great location, adjacent to one of the most economical Volcanogenic Massive Sulphide (VMS) producing mines in Australia.

4. The area is also well-known for base metal (copper) mineralisation.

The average depth of drilling for the entire area is 42m, the historical operation was solely focused on oxide gold ore, no interest in any other metals and ignored all previous non oxide gold mineralisation.

This statement is what makes the company stand out.

cThe amount of drilling (more than 30,000 drill holes) that has been done would make one wonder if it's looking more like Swiss cheese now (Figure 2). However, when you consider that the average depth of the drilling is only 42m, which is almost the average depth of weathering in the Eastern Goldfields, you are looking at almost virgin exploration territory. This is almost unheard of in 2023.

Get curious and DYOR...

There are questions one could be curious to ask. What was done before the last owners of the projects? Right now what we do know is that the previous owner did not drill deep and they did not look for anything else other than oxide gold ores. Had they done anything that could be a liability to the project?

Another point to find out is whether the previous owners of Golden Grove sterilised that patch of ground. Practically speaking, it would be an enormous task to do that for an acreage of that magnitude.

You may also wonder about the many targets that could emerge due to the size of the project. One would need a very constrained strategy to focus on potential targets. Then again, if it does come to pass that the geophysics swing towards the happy end, it would be a more positive problem of having so many choices and not knowing which one to focus on. With so many potential prizes, interpretation could be a challenge, but perhaps a happy one.

Samso Conclusion

For Noel, this is one journey he is keen to follow. Warriedar Resources has a good cash balance at this moment, and geophysics will play a big part with a lot of existing geochemistry to add to that strategy.

The biggest asset here is management. The people that lead this exploration need to understand the big picture and be commercial. The cost effectiveness of any exploration strategy is paramount. Ms. Buckingham has the right credentials to lead this type of exploration.

The projects will take centrestage. As has been said before many times, a combination of good projects and solid management is an attractive one for investors looking to safeguard their hard earned cash.

A brilliant feature for Mother's Day celebrated in Australia on 14th May. Modern Mums are breaking old patterns so the new generation can have a better life.