Ann: Quarterly Activities Report-TNR.AX, page-2

FWIW
here's what I take away from the quarterly and October announcements

The company is funded. Tick
55,000m Drill campaign commenced. Tick
Mt Stirling Well is throwing up some nice high grade hits as is Mt Stirling target. I would expect a resource upgrade probably 1H17 ??
Over at the Zuleika, target 18 has shown some promise with wide shallow intercepts, drilling program continues but Torian already planning to follow up and test for continuity. Meanwhile targets 16, 17 and 19 will be tested.
All targets remain open.
Post shareholder approvals TNR will move to 100% ownership of the assets via a scrip offer for Cascade Resources.
Leaving TNR with a cleaner structure and a relatively small number of shares on issue. Tick