Stratum Metals has created a unique opportunity by consolidating 52 prospecting licences and 2 mining leases for a total of 86km2 in the historic East Menzies Goldfield.
Our Geological review has indicated that past work was conducted on a narrow, individual project basis which we believe fails to recognise the importance of the underlying geological structure throughout the area. The consolidated area includes over 100 historic workings, the Goodenough, Granny Venn and Aunt Nellie open pits, plus multiple exploration targets.
Stratum Metals intends to commence a limited drilling programme immediately upon transaction completion, leveraging the past work at Goodenough, Granny Venn and Aunt Nellie. This programme could generate further JORC Classified Resources for the company.
In parallel to this drilling programme the company aims to move rapidly to production of the known, historic resource at Goodenough delivering near term cashflow to the company.
The project is located within the world renowned Eastern Goldfields, in favourable geology 100km north of Kalgorlie and in close proximity to a number of large milling facilities. Stratum Metals believes that by taking a strategic and structured exploration approach, it will deliver results across the entire tenement package.