Sandstone is differentiated by being on granted mining leases, and having a 600,000tpa CIP treatment plant and associated infrastructure on site that could be refurbished relatively quickly and for the modest sum of under A$10 million. Although the Project currently has insufficient resources to justify a re-start of operations, there are a number of options to bring potential mill feed up to the required level.

This is the key at Challenger, with the Company identifying and taking steps necessary to increase production, both through mining and processing activities, and hence decrease costs to tho targeted AISC of A~$1,200/ounce - the current capital raisings are being used to fund the turnaround activities.

This is the largest Resources Bluebook to date with 131 Listed ASX/ TSX Companies Covered by Resources Research Team

The Company has cash and liquid assets of ~$7.2 million is concentrating efforts on two key areas – the Lake Carey/Fortitude gold development project in Western Australia and the Paisali and Siam base metal projects in the highly prospective and under-explored Loei-Luang Prabang Fold Belt of Thailand.

Ongoing work by Thundelarra Limited (ASX: THX, “Thundelarra” or “the Company”) has continued to return excellent results from their Garden Gully Gold Project (“Garden Gully” or “the Project”), located 20km from Meekatharra in the Eastern Goldfields of Western Australia. The Project, which was picked up in late 2015, has seen little historical work.