Ann: Quarterly Activities Report-RIE.AX, page-2

Lots to like and lots of potential here imo.

If this comes off for AUZ/RIE JV it will be massive:

Geological interpretation by Australian Mines of the drill core from diamond hole DXDD001, highlights the presence of two orientations of gold-bearing quartz veining at Dixon. The most favourable geological setting for gold mineralisation appears more likely to exist in north-dipping vein sets, as opposed to the west-dipping veins targeted by the recent drilling programme.
Preliminary work by Australian Mines similarly suggests that drill hole MMRC016 may be located close to one of three large cross-cutting (east-west trending), secondary fault structures. These structures potentially provide the most favourable geological setting for concentrating gold mineralisation at Dixon.
If this north-dipping (east-west trending) structure proves to be a significant control on gold mineralisation at Dixon, it may follow that Australian Mines’ March 2016 drilling programme was oriented sub-parallel to the preferred target zone. Accordingly, recent drilling potentially targeted and intersected the narrower, secondary veinlets rather than testing the main geological structure thought to host the high-grade Dixon gold mineralisation.

The next drill campaign starting in a couple of weeks should tell us pretty quickly imo.

I think they could be onto something given the structurally controlled gold at the Super Pit in the Golden Mile. If correct and they can find it, it may present some very high grade stuff imo.

Also they are deciding what to do with Charteris Creek: The Project area has favourable geology for the discovery of mineral deposits, as highlighted by the presence of numerous gold, copper, base metals and specialty metals discoveries and deposits proximal to the Charteris Creek exploration licence and anomalous copper and molybdenum drill intersections within the licence

They will probably decide to partner again imo as it's a very big lease with multiple targets. Very prospective lease and thus why FMG got involved in the first place. I'm sure they could find some lithium on it!

When/if the sale of Milrose goes through it will also be time for acquisition time!