EAR 0.75% 33.3¢ echo resources limited

Ann: Quarterly Activities and Cashflow Report, page-5

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  1. 508 Posts.
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    This is the Quarterly Report to 31 March 2018. The drill results highlighted (incl. 9m at 17g/t) are from EAR's 24 Jan 2018 Orelia announcement.

    Last Qtr's total cashflow expenses (drilling, staff costs etc): A$2.69m. EAR previously said it has allocated A$5 million for a "deep diamond" drilling campaign at Lotus-Orelia. So more news expected in the coming months.

    Also not yet reported: I'm still expecting RC drilling from Julius North & Lowlands (plus likely other deposits with RC drilling) that were to be drilled in early 2018 (refer 14 Dec 2017 announcement).

    In other news, TOE (uranium-focus company) announced today that it is now stepping up early gold exploration efforts in the Yandal on EAR's doorstep. Other companies active around EAR's tenements in the Yandal: NST, GBR, GTE (see my previous post for maps).

    Last edited by sreeve: 23/04/18
 
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