Impact: Positive
Aston reported a JORC compliant, maiden mineral resource estimate (MRE) for the Edleston Main, Central and Sirola Au zones from its 100%-owned Edleston project south of Timmins, Ontario. We view this MRE positively as it was in line with our prior expectations. We believe a sizeable resource of 1.5M oz Au at ~1.0 g/t Au in an established mining camp like Timmins is a valuable asset, especially in addition to the sizeable Ni-Co targets at the project. A maiden Ni-Co MRE is expected in Jan/23.
