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Explaurum's Mace blunted

EXPLAURUM had hoped its large Mace supergene deposit would have delivered a killing blow to predatory Ramelius Resources' one-for-four all-scrip takeover offer, but as MD John Lawton said this morning the maiden inferred resource of a mere 20,000 ounces is "frustrating".

Haydn Black
Drilling at Mace has posed some problems.

Drilling at Mace has posed some problems.

Mace starts just outside the 485,000oz Tampia pit shell and had been hyped as a high-grade hit that would enrich the early years of the proposed A$100 million plus mine; a high-grade, free-digging opportunity...

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