WSBN About To Shock the Market29 Aug 2025 12:01
Telfer sits only 15km northeast, run by Newmont with Greatland Gold involved, and its underground stuff grades about 1.8 g/t gold plus 0.46% copper, which works out to roughly 2.2 g/t gold equivalent. That deposit goes down as far as 1,500m. Then there's Havieron, sitting on an 8.4 million ounce gold equivalent resource. Their early hits included stuff like 275m at 4.58 g/t Au and 0.7% Cu, with averages in the feasibility work around 2.74 g/t Au and 0.32% Cu, running from 500m deep to past 1,200m.
At Red Setter, that first drill hole, turned up a 152m breccia pipe inside a bigger 257m stretch of quartz-carbonate veins between 520m and 777m. You can see sulfides right there, pyrite and chalcopyrite, which screams copper upside. It lines up pretty well with the upper parts of what they found at Havieron, and now they're pushing that hole to 1,000m. That move says they're betting on better stuff deeper down, chasing the hydrothermal heart where you get hotter grades, more sulfides, gold, and copper closer to whatever's feeding it all. It helps sort out if you're in the outer edges or smack in the juicy center.
They're not flying blind here. Before any drilling, they ran geophysics, magnetics, gravity, induced polarization, resistivity, even that Mobile MT from Expert Geophysics, which nailed a dome target kicking off around 550m. All that data's steering the show, and their method has been proved out multiple times since they did the WSBN survey (check their LinkedIn). Step-outs are happening now to check side extensions, and the big question is if this breccia's on its own (which would still be huge) or tied into a full porphyry setup worth billions, like the ones next door. Breccias like these are basically straight-up pipes for minerals, so extra holes might catch up-dip, down-dip, or even side-by-side stuff depending on how it all shapes up.
Just pulled in £1.5m to fuel this next push, that's like A$3.1m with the exchange rate, and they own the whole thing in a prime mining country. Assays on the cores are coming soon from Perth. The visuals look good so far, but ultimately the grades will make or break it. From where we are now, 1.25 to 1.5p with a market cap around £35M, a real jump would need solid hits, say 100m or more at better than 1-2 g/t Au with 0.2-0.5% Cu, or over 2 g/t AuEq. If it echoes GGP's monster discovery holes, like above 3-5 g/t AuEq, that could pull in the major players and turn this into hundreds of millions if not billions in value.
There looks to be multiple domes too, which nobody is talking about, and the potential approval of the other 12 tenements. I'm not a gambling man, but I'll take my chances here.
Good luck all.
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