HGM 0.00% 0.7¢ high grade metals limited

Done. He just answered: "Hi In regard to lindian, no we have no...

  1. 951 Posts.
    lightbulb Created with Sketch. 53


    Done.
    He just answered:

    "Hi
    In regard to lindian, no we have no idea, but our legal advisors in country have advised they expect the new commission to start issuing approvals in the coming weeks
    Re HGM
    1. Thickness of target layers – the thickness of the layers varies, as disclosed in the prospectus, and what has the HGM team interested in exploring further is the apparent repetitive nature of them. It remains unclear about whether they are actually veins or part of primary mineralisation deposited in cycles. The key point to this is that they are somewhat ‘flat lying’ and rhythmic. A typical vein, in the way we think of them, tends to be vertically dipping, whereas here we have layers stacked on top of each other over both the Kareck Series and, based on regional information, maybe the Storz Series as well. We simply need to drill to better understand that thickness variation and overall potential
    2. Agree/Disagree – every mining operation has its foibles and Schellgaden will be no exception there. What we are aiming to do is to get to a stage where we can all openly do an apples vs apples comparison and work out where we sit versus the groups like Stonewall. Our goal is to find the best quality resource we can, with good access to infrastructure, a functional regulatory environment, good metallurgical characteristics and potential high margin operations that result. Hopefully we can pick up that conversation on comparison later this year or next!


    Regards

    S. Formica

    Director"
 
watchlist Created with Sketch. Add HGM (ASX) to my watchlist

Currently unlisted public company.

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