Exploration targets, page-13

Yes. It's still early days.
I guess I'm excited by the fact that:

- We know there is a similar style of mineralisation at the katschberg A10 tunnel which is in line with the known deposits and 1.5km away and therefore this could be very large.

- Access appears simpler than most vein deposits (assuming it is indeed a vein deposit that has folded to a horizontal position) as these arise from the side of the mountain as opposed to hundreds of metres underground.

- The horizons sampled have been taken in what appears to be a robust fashion from areas that have already been mined (by hand). Modern engineering will allow HGM to capitalise on the untouched extensions of these should they continue as per the exploration target hypothesis.

It's still highly speculative of course, and drill results will increase confidence in the style and continuity of the deposit. However, even if they only realise 50% of what they think is there based on modelling and historic/current sampling, it will be a solid multi bagger from here.

....That's ignoring potential silver and copper credits which appear to be in the higher grade Schellgaden deposits as well as HGM's highly prospective cobalt/copper Leogang project.