Twenty Seven Co Ltd (ASX:TSC) is well-positioned to capitalise on record high gold prices and projected forward supply deficits for nickel and copper, particularly with the flagship Rover project in WA.
Rover is within the state’s Central Goldfields and nickel belt, an emerging region that hosts greenstone belts which have harboured numerous previous sizeable discoveries.
High-profile discoveries by a number of groups active in the region, including ASX-listed Spectrum Metals Ltd (ASX:SPX) and St George Mining Ltd (ASX:SGQ) as well as privately owned Cobre, materially enhance the attractiveness of Rover.
A detailed geophysicist report has identified more than 20 high-priority gold, VMS and nickel targets across the project, providing TSC with exploration upside and optionality to prioritise its forward drilling program.
The company is planning a fully-funded drilling program and has appointed a Western Australian-based drilling contractor.
The program will incorporate up to 2,000 metres of reverse circulation drilling and will take place once regulatory approvals have been granted.
Priorities for drilling are gold and VMS targets at Creasy 1 and 2 prospects along the 20-kilometre strike within the Maynard Hills greenstone belt on the eastern boundary.