"Since the resource upgrade, a further 22 holes have been drilled with assays pending, testing for both potential open pit and underground resource extensions"
Its nice to know the T3 resource may yet grow further in size!
"Additional metallurgical testwork has been completed post the PFS to generate additional data for grade/recovery regression models at a lower range of feed grades"
Does this mean they are looking at going lower than the current 0.4% cut-off to get a bigger resource also?
'Additional underground resource extension drilling is planned."
Again, nice to know but I admit to not fully understanding where T3 Pit stops and T3 Underground starts. Has anything been reported which gives a hint as to how big the T3 Underground resource might be? What is the logic of separating it from T3 Pit if they continue to drill out both?
"...grid power transmission along the highway near T3, scheduled to be available during Q1 2020"
This should help the business case. I recall the current estimates allowed for more costly on-site generators in the first instance? I am not sure on this tho.
Drill core (from A4 Dome) is being processed through Tshukudu’s sample preparation facility in Ghanzi and the site team is making arrangements to have this assayed as soon as possible.
Can't wait!
(From T20 Dome) "T4 and a compelling new target, T23 (refer announcement 16 April 2018) are the likely first targets for drilling, after environmental approval is received."
Reading the supporting words to the above you cannot help but get the feeling this is the one that excites them the most! Here is to an imminent approval...
All in all, looking good albeit I share the frustration with the speed of assaying (especially that second T3 Dome hit of visible copper over 67m!) and environmental approvals
MOD Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held