YTC 0.00% 23.0¢ ytc resources limited

Hi MTM100. Just back after a very long day trip.There is a new...

  1. KKR
    738 Posts.
    lightbulb Created with Sketch. 22
    Hi MTM100. Just back after a very long day trip.

    There is a new announcement released today from the CEO's presentation to the meeting. There are a few new slides that have not been in some other presentations. Particularly the resource comparison to other Cobar mines.

    The timeline to production has still not changed (page 16). The main focus is of course Hera. As at 4 November they are 1876m down.

    Nymagee is an interesting deposit and a lot more drilling naturally will be needed to be done to get a better idea of the resource. They are very keen to hit the strong conductor target that has been identified.

    I did ask about Queens Cross and that is a deposit that they will be looking at in the future. I don't know when but it is very much on their list of areas to look at.

    As you can see from the slides, the Hera-Nymagee corridor is large and interesting. I don't have exploration timeline details but as you can see they are active areas of interest.

    Let me say that our Board, CEO & Management are very capable, experienced and focused on what we need to do over the next 12 months. Overall a very quietly confident and focused team that knows what they are doing. That would be my main impression of today.

    All the best.

    KKR

 
watchlist Created with Sketch. Add YTC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.