NAE 16.7% 0.5¢ new age exploration limited

Exceptional Redmoor Assay Results, page-3

  1. 3,482 Posts.
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    First glance, this is very good news and still open at depth and along strike. I'm thinking 15mt inferred is not out the question with more extension drilling now likely.

    All indicators were pointing towards this but we haven't really had any market anticipation in spite of this so it'll be interesting to see how (if) the market responds tomorrow.

    This is what I want to hear:

    "Based on the outstanding Phase 1 results to date, CRL's shareholders, SML and NAE, are reviewing plans to undertake additional drilling to further expand the size of the resource and upgrade a portion of it to an indicated, as opposed to inferred, status. These are prerequisites to commencing an investment quality pre-feasibility study in 2019."

    Just get into it and get it done!

    Need to read and digest a little more tonight/tomorrow morning but pleased and encouraged with what have have just quickly read.
 
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