Ann: Exploration Update, page-5

The Edna Beryl stuff is good enough - been done to death on other threads here so won't spend much time on it.

The Goanna and Monitor projects in the Ironstones is what got me interested in this - almost unbelievable that the high grade hits from 2011 weren't systematically followed up, I wasn't around at the time but what was the reason for all that drilling in 2011 and 2012 being discontinued? I realise that commodity prices and market sentiment was pretty low back then, but was there other external factors that interrupted this work? I assume the withdrawal by Ivanhoe/Innova/Chinova from the JV must have stuffed up their plans....

Current planned holes all within 1km of the Gecko headframe and underground workings, amazing that the Southern Shear Zone hasn't been systematically drill tested this close to the existing known mineral resources.