Ann: Extension to SPP CLosing Date, page-28

kojak

You say: "The last report showed Troy had 27 holes from campaign phase 2 outstanding. That is because the drill holes had not even been drilled yet. Waiting for 18 drill hole results means they managed to drill at least 18 of the missing holes. I think the lab will be faster now than over xmas."

You may have better info than I have but on the face of it I disagree with what you said there. In the 1 Feb 19 update they said that Phase 2 consisted of 47 holes to be drilled and that they already had the results for 20 of those holes. Given that it appears the lab is taking at several weeks to return the assay results that would clearly suggest that some of the 27 holes at that time yet to be reported on would have already been drilled and the samples sent to the lab. The company has not advised of any delays regarding the drill rig but only regarding the lab. I hold to the view that as at 20 Feb 19 Peter Stern was looking to provide the results for at least some of the remaining 27 holes and was told that the results for as many of 18 of them was delayed as the lab had to go back and recheck the results (that's my weekend delusion and I'm sticking with it )

As an aside, for the period 14 Dec 18 to 1 Feb 19 - which is 49 days or 7 weeks - the lab returned the assay results for 28 holes. For the period 1 Feb 19 to 20 Feb 19 - you are saying the lab returned no results and I am suggesting that the lab returned the results from 9 holes (none of which significant).