Ann: Further Ground Acquired at Kirkalocka, page-24

I agree with comment bout bs acquisitions..
but tar is sitting on upcoming smallscale cobalt mining which will fund resource delineation which could be completed by this time nxt yr.. for potential gross of 200 to 300k tonnes cobalt..
Steinpreiss nonexec has remained..
eckhof still advisor..
Eckhof daughter on board.. etcetc...
The issue was that when the announcement was made for the start of due diligence, they had local gecamines core% of 1% and higher over very wide areas..
however nxt door is starting an open pit mine covering like 75million tonnes at 1/2% cobalt with some copper..
Needless to say tar assay results didnt come in at stupendous levels of 1% and higher but were like 30m at 1/2% cobalt which is serious highgrade.. and due to this, no resources have been declared cos they cant rely on gecamines crap..

The other project has simpler geology and also a deep vertical 2km long thick 1/2% grade plus shallower open pittable but very very thick 0.1 to 0.2% grades... average more like 0.15% etc.. the mc is now only 10mill.. for 120 to 180k tonne cobalt net to tar, delineated within nxt 12mths.. once they get smallscale mining going.. now waiting for metallurgucal results as confident can process shallow stuff to better grades than what artisanals are doing on tar tenements.. 8cents sp.. ridiculous.. go figure.. top20=70%...

Yes.. traders are having a field day..
But in the end such resources to get to create a real value for the company..

I thought that after the tar dissapointment of not actually having those dodgy gecamines high grades, that perhaps eckhof etal might be a bit guarded with the projects they accept.. however it does seem that tars cobalt is still possibly the best on the asx... so it shouldnt be causing any nuisance value to his connections etc..