The good results continue, however a big shakeout and price has been knocked a little, is on smaller volume than previous ANN though.
The best thing about the ANN this morning is that the previous 500kt area is shown on the cross-sections. The drilling intercepts clearly show that the new drilling campaign goes well below and wider than the previous resource estimate and at much better grades. As a rough guess I would say we have at least tripled the previous 500kt JORC based on today's results.
Well on our way to proving up a very good resource and hitting the resources targets as identified in the Prospectus of first 2Mt, then potentially onto the upper target of 10Mt, depending on how good the results continue to be.
Eagerly awaiting further results.
N27 Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held