RE: 5p = just £30mcap. Gold proven. Soon 350,000oz JORC = $1.5BIL+11 Nov 2025 08:06
Around 15 primary gold occurrences have been identified along an 8km east-west mineralised trend, following multiple structural directions, some extending up to 2km. Just 5km to the west lies the Zé Vermelho Gold Deposit, which shares similar geological features and appears to be structurally aligned with Paranaíta, hinting at a broader, regionally controlled gold system.
To date, approximately US$2 million has been invested in exploration, including 1,756m of diamond drilling across six targets, 432m of auger drilling, and over 1,270m of trenching. Supporting work includes airborne geophysics, 3D inversion, soil geochemistry on varied grid densities, geological mapping, rock sampling, and IP surveys covering about 80km. These efforts have confirmed the project's high prospectivity.
Yes huge potential and the best part is already proven with the 210,000oz resource and funded to make that JORC and 350,000+oz.
Then 1,000,000+oz
Market cap should be considerably higher already