T3 Resource Drilling - Results at T3 exceeded MOD’s expectations and compared favourably on global scale. Have to keep remembering this. Sometimes its a bit hard remembering that we were at 6c not that long ago. Good to see copper back up at $2.20 lb, hopefully that can push higher.
Waiting on 3 more assays for T3 diamond infill holes (with one more in progress) and the assays for the deep hole. 56D and 59D (note LOTM, if you are still around, 59D in the diagram shows A/A yet the table says in progress) and then 57D and 58D look to be extending the resource box to the north east. Interestingly they decided to drill two holes out there past the fault as 32D didn't show much. Must have hit something with 57D in order to think it was worthwhile to step out again.
Soil sampling and IP on other targets progressing but think we are waiting for the RC exploration to start up again this month. Will be good once this happens and we start getting a few more announcements
Funding wise. Looks like they have around 6 months of funds left before cap raising again however in regards to Sam's Creek:
MOD is continuing discussions with third parties regarding a potential transaction, including site visits to evaluate the commercial potential of the opportunity. So starting to get some nibbles
MOD Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held