Gascoyne Resources (ASX: GCY) - One of the ASX's best emerging gold plays
Gascoyne Resources (ASX: GCY) represents one of the ASX's most interesting and best-performing emerging gold plays. The company is targeting a successful transition to production status and already boasts a +2M ounce resource inventory spread across three major projects on granted Mining Leases within Western Australia. Recent exploration drilling results have enhanced the potential for resource expansion at its flagship Dalgaranga project, where a PFS is scheduled for completion during the current quarter. Adding further luster to the company’s attraction is the strong performance of the A$ gold price and thus the strong profitability of quality Australian gold projects. Solid corporate interest in what could be our next domestic gold miner is driving market interest in the stock.
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).