AOP 3.13% 33.0¢ apollo consolidated limited

Ann: Apollo hits 59m at 3.22 gpt in Lake Rebecca Step-Out Hole, page-4

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  1. 11,185 Posts.
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    Yes good hit and also to the north where the deposit gets shallower. Looks like they will quickly follow up with step out drilling in this same direction.

    I think AOP needs more strike length at Rebecca or needs to find a parallel zone or another deposit along strike. A developer in this current market will struggle unless it can push at least a million ozs in resource, you’ve only got to look as far as BRB to know that. The threshold for a stand-alone operation isn’t easy to achieve anymore.

    I’ve complained before about the company not giving milestones for the timing on their maiden JORC. Maybe they need to scope out the full limits of the Rebecca deposit first, which is fair enough.Esh
 
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