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Explorer WIN Metals (ASX:WIN) has acquired the Radio Gold Mine, which includes a juicy-looking portfolio of tenements, an extensive range of mining and processing assets, accommodation facilities, vehicles, and other equipment.
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It’s a huge windfall for WIN, especially considering the Yilgarn mine is already ready to commence operations and boasts a very strong Mineral Resource: 210,000 grams per tonne gold at 4.23 g/t Au, for 28.6K oz gold.
And, at one time, the mine was once the highest-grade producer in Australia at one point in time, WIN’s CEO Steve Norregard told HotCopper in a Watchlist interview.
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“The resource, as it sits right now, has just under 30,000 ounces,” he explained. “What is really attractive for the company is that it’s a really low-cost entry – and we can see that the opportunity for the resource to grow in the short term is very, very self-evident, with the capacity to bring it into production.”
All in all, it’s a “transformational” move for the explorer as it expands its reach.
Oz traders have seen the same; WIN jumped +13.64% today.
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