2018 will be a ripper, page-27

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11/04/18

14:44

Post #: 32379427
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Originally posted by McHale ↑

Spoke with Hamish Collins on Monday and he says the drilling is underway and will continue until October, 1 rig onsite, 2 more on the way. This will be one of the biggest drilling campaigns in Oz this year, says HC

He says that initial assay work could start to come through by perhaps the end of this month and subsequently there will be continuous news flow over the next 6 months.

I asked him if the previous drilling along the FRF by WMC had come up with any useful results which could be utilised in the upcoming drill campaign, he (HC) said WMC had not understood the geology at Walford Creek as it it is understood by AML geologists; so with relation to the Co, Cu mineralisation that previous drilling was not going to be of much assistance

When asked about T/O talk, he said it was news to him, hadn't heard of anything along those lines.

The DFS or BFS will be largely informed by the results of drilling and assay results, wants to get more measured and indicated rather than inferred, but feels DFS would be done before this time next year.

In the meantime they have metallurgical test work being done and that is ongoing, there will be news on that front too.

He said the Vardy and Marley zones already comprised an excellent resource, but if the drilling campaign is successful AML will have something big.

He did admit to being excited about the whole thing.

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Awesome......trying to guage the last few days of trading.....a bit of accumulation maybe.

any comments?

AML Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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2018 will be a ripper, page-27

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