Putting 2 + 2 together and possibly getting 5, but we are told that Glandore results are imminent and their exploration target is 50-200koz across a couple of deposits. Infill drilling to happen in July so I assume a JORC by August/September. As I said I could be wrong with putting pieces together but given results are imminent I am guessing they are somewhat confident of achieving that exploration target otherwise it would have been safer to leave it out of the preso.
Even if this can replicate Cannon (100koz with 50koz recovered - so not even upper end of that exploration target) it could produce another 10-15m over the next 18 months. Engine room to fund the blue sky to use their terminology.
South Korea looks like it has some amazing potential so look forward to steady newsflow from those projects.
SAU Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
