Drilling Results, page-2

This is at the end of the Ann:

"The size and amplitude of the geochemical and geophysical anomalism at Neptune suggests that there is potential for discovery of a high-grade/tonnage copper-gold VMS deposit. The current density of drilling and geophysical data at Neptune, however, is at an insufficient resolution to resolve whether the anomalism represents the precursor to economic mineralisation."

This is my highlighting.

This is in the JORC Table in the 'geology' section:

"The Bryah Basin Project is located within the Paleoproterozoic Bryah Basin in the Gascoyne region of Western Australia. The host rocks are predominantly sedimentary and volcanic rocks of the Bryah Group, which are interpreted to be the same package of rocks as at the DeGrussa copper-gold deposit. Controls on mineralisation are currently unknown. "

Once again, my enhancement.

IGO is doing this work bit-by-bit, and the next step beckons after the diamond drill assays and the DHEM work has been completed. It needs to be understood too that the drilling was 500ms apart, so a big strike would have either meant 'lucky' or a monster was below. Therefore, it was no surprise to read the results. However, I take a lot of heart from the wording of the 2 sections I have coloured and the fact (I expect because they ground those comments) that this was also said: 'The high-order copper anomalism in 15BRRC002 (24 metres at 1263 ppm Cu from 88 metres) is associated with anomalism of a multi-element (Ag-Au-Bi-Mo-Sb-Se-Tl) suite, which is consistent with VMS-style coppergold deposits.'

It would be silly to dismiss this as a failure. On the contrary, imo it's a real vindication of IGO's theory that this long stretch should/may host vms cu/au in the same way that DeGrussa/Monty and Horseshoe lights all do.