Hartleys reiterates BUY recommendation on YTC Resources
Nymagee may be a game changer:
Nymagee is a historic copper mine located ~4.5km north of Hera that last operated in 1918, producing a total of 422kt @ 5.8% copper.
YTC has recently undertaken a drill program to test the mineralised extensions of Nymagee, returning some excellent high grade results of:
- 8.9m @ 7.2% Cu, 24g/t Ag & 0.16g/t Au; and - 7.0m @ 8.3% Cu, 46g/t Ag & 0.32g/t Au,
The mineralisation remains open and highlights the potential for a large copper system at Nymagee.
Combined with the high grades encountered in the Far West Lens, YTC is now considering a much larger scale operation and plant than previous envisaged for Hera.
Depending on the final size of Nymagee, the deposit may end up being much larger and more valuable than Hera.
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