Ann: Independence Commences RC - Diamond Drilling at Bryah Basin, page-7

Interesting that there is finally some action south of Degrussa. SFR have been playing their cards close but clearly they have a theory/research/data about the Jenkin Fault N/NE of Degrussa, buying up targets in that region and delivering results at Monty (and hopefully others). Plenty of activity in N/NE.

From what I can tell, SFR have not made any moves south of Degrussa other than a couple of tenements that came with the TLM deal and tenements they already held. Could mean they don't see merit in this region, could be that they are focusing on what they consider higher/better priorities.

IGO have plenty of success and it's good to see them drilling in a relatively under explored section (no previous cored drilling). The results from Monty show that VMS targets can easily be missed and that better technology and deeper pockets can lead to success. IGO have been taking their time (started about a year ago with very limited results/info released) and given they are doing some diamond drilling there must be a reasonable level of expectation to invest that kind of money.

"The size and amplitude of the geochemical and geophysical anomalism at Neptune suggests that there is considerable potential for discovery of a high-grade/tonnage copper-gold VMS deposit."

There is some good data available in some of the old releases from ALY on Neptune; for some reason they focused most of their attention on Magnus and moved away from Neptune. Could be a repeat of TLM at Monty? Anyway the ALY management team barely managed 2 drill campaigns a year; probably more focused on the gold play than the copper.

Worth doing a bit more research into one I had written off.

I'm viewing any purchases at this level as a 2c option. Either the drilling program succeeds and my "options' are in the money; if not then they expire "out of the money" and I'm down on my investment. If this was still the dud management team from ALY running the show (yes they are all still there with their fingers in the till) I wouldn't come near but IGO and Monty have made me re-think my position.