HDG 0.00% 1.0¢ hodges resources limited

12m mc, 3m cash, 400mt jorc!! 2bt target!!, page-81

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    Ozrider, HDG will technically have a 311Mt JORC in it's own right within a month's time when it exercises the option for a 75% interest at the first prospect. We have to continue from there with $3M worth of exploration over the next 24 months to fulfill the agreement.

    The second prospect will have drilling commenced ASAP I reckon as they are aiming to get a JORC inferred resource within 6 months if you refer to the announcement for the second option a few weeks back.

 
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