AUR 0.00% 0.7¢ auris minerals limited

Ann: Diamond Drilling to Commence at Wodger and Forrest Prospects, page-48

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  1. 11,557 Posts.
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    I have just had a look at the WAMD Licence particulars for Forrest E52/1671 (see Fig 4 in 23/11 ann for size, location etc) and link it here for all to access it readily.

    http://tenementcache.landtrack.com.au/Index.aspx?tenid=E 52/1671&text=&cmd=search

    It seems that its yearly term is from 23/11 to 22/11.

    Page 5 has the expenditure details. There are no lodged details for 2017 as yet. In previous years the annual expenditure form has been lodged in either Dec or Jan. 2017 demands that a minimum of $183k be spent.

    Some EM work was done in April, but no other work has been physically done for the past year so far as I can see. If the EM work was less than $183k (complete guess though), then more work would be needed to satisfy the spend requirement. This is probably it!! If I am right in my assessment, then it should explain why Forrest is being drilled before Wodger.

    That said though, a company wouldn't waste valuable money on a 600m long diamond drill hole would it! The geophysicist who did the reassessment must have seen something of importance, eh!

    This is the link to E52/1659 which is Wodger and Big Billy (see Fig 4 in the 23/11 ann)

    http://tenementcache.landtrack.com.au/Index.aspx?tenid=E 52/1659&text=&cmd=search
 
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