RXL 6.25% 15.0¢ rox resources limited

Yes DRM did have an agreement but they withdrew after meeting...

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  1. 787 Posts.
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    Yes DRM did have an agreement but they withdrew after meeting their initial contribution. At the time DRM was facing financial pressures from lower yields at the Deflector mine and Andy Well mine (now on care and maintenance). DRM carried out some early stage prospecting with a gravity survey and some air core drilling.
    I have not seen any comment from Doray at the time of withdrawal as to the Mt Fisher prospects and they have plenty to do these days with the high grade Da Vinci extension to Deflector and continuing activity at Gnaweeda. In the circumstances, I do not consider their withdrawal from Mt Fisher to be a write-off of the project. Obviously it was not an immediate bonanza and they left a lot more work to be done but that is normally the case at this stage of exploration.
    Last edited by jogo: 08/05/18
 
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