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Ann: Retraction of study expansion announcement, page-23

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  1. 2,254 Posts.
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    @speculator101 and all.
    Just a couple of points that you may have missed.
    The cut off for drilling to increase the resource was June 30 last year.
    From then til now we have had almost continuous drilling with 4 rigs until around the agm then back to 2 until the end of the year.
    Not sure of how long the break was but we are back to 2 rigs and increasing.
    The drilling from June was both infill and step out, so we will have increased our resource quite a bit since then as well as converted some amount to reserves for our pfs.
    There has now been quite a few months without results, some of which we do have but unreported due to the board wanting the dd ann with the rc to give a clearer picture.
    From something that was said in a recent interview I am going to assume that those assays out of Withnell are good.
    Good? so far we have had pretty good but the description given leads me to believe they are a little better.

    In recent interviews Simon has made reference to our Conglomerate.
    The mention of it supporting 5g/t is made more than once.
    I have already given my 2 pennies about what an Ore Sorter could do with concentration.
    I noticed that Barry Dawes has confirmed his belief in what Novo have achieved on Twitter over night.
    We are still at work with our own Conglomerates and the only reason we are lagging is the wait for indigenous groups to give approvals and the POW's which are now being processed as we progress.
    My guess for the increase in resource would be up to 200oz and hence the reason they are confident to achieve 2m by the end of this year.
    I just wonder how much reserve we have achieved in the past 6 months.
    The PFS will be very much something to watch but also any jv with our Lithium to bring in the bucks to pay for the upcoming commitments.
    I have noticed that these guys do NOT over promise and under deliver, quite to the contrary.
    Kind regards, Wack.
 
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