Junior gold company SPR is a $1.6bn developer that sparked M&A speculation earlier this year. Spartan Resources (SPR) owns the high-grade ~2.5 million ounce Dalgaranga project. Since the arrival of Ramelius (RMS) on SPR’s share register, it looks ripe for the pickings, perhaps a case of when not if. RMS’s MD/CEO Mark Zeptner and Spartan managing director Simon Lawson separately confirmed they had met since Ramelius’ A$180 million share raid in early July. However, with a market capitalisation of A$1.6 billion, Lawson admitted the company was “quite pricey” for an explorer but could see the potential for Dalgaranga to rival the size of Ramelius’ neighbouring 6moz Mt Magnet operation.
- We like the prospects for SPR into 2025 with a takeover feeling possible.
MM is bullish towards SPR
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