Spartan Resources Announces Landmark Mineral Resource Estimate Update for Dalgaranga Gold Project

Spartan Resources has released a significant update to the mineral resource estimate (MRE) for its Dalgaranga gold project in Western Australia.

"This MRE update firmly establishes Dalgaranga as an exceptional high-grade deposit, featuring an underground resource of 1.44 million ounces (Moz) at a grade of nine grams per tonne (g/t) gold," stated Simon Lawson, Spartan’s managing director and CEO.

Lawson emphasized the update's significance to the company’s reputation in the mining industry.

“The delivery of this landmark MRE update marks a pivotal moment in our journey and solidifies the high-grade Spartan brand on our key project at Dalgaranga,” he remarked.

“The Spartan team has transformed a struggling low-grade open-pit gold miner into a highly successful high-grade exploration, discovery, and development operation.”

Since its recapitalization in February 2023, Spartan has established itself as a highly investable gold mining and development company, consistently adding value for shareholders, Lawson noted.

“Since its discovery in mid-2022, the high-grade Never Never gold deposit has consistently delivered some of the most impressive drill intercepts seen in the Australian gold sector in years,” he said.

The new results were achieved through a rigorous and effective drilling strategy, combined with the team’s extensive experience in interpreting, modeling, and estimating high-grade gold resources, Lawson explained.

“This resource will support our maiden underground ore reserve, which is currently underway and scheduled for delivery in the second half of 2024,” he added.

In addition to the Never Never deposit, Spartan recently announced the discovery of the high-grade Pepper gold deposit. Located adjacent to Never Never, Pepper has added a maiden high-grade underground inferred mineral resource of 0.43Moz at 7.66 g/t gold.

Given its proximity to the development of the Never Never deposit, Pepper has become the drill team’s top priority for in-fill and extensional drilling throughout the second half of 2024, Lawson said.

“The combined underground MRE for Never Never and Pepper is 1.8Moz at 8.65 g/t gold,” he stated.

The Dalgaranga gold project’s total mineral resource estimate now stands at 16.1 million tonnes (Mt) at 4.79 g/t gold, representing a 90 percent increase in grade and a 45 percent increase in ounces from the previous estimate.

“Our journey has just begun, and we are eager to see what our team can deliver once the drill drive is in place,” Lawson concluded.