Just to provide a second x-ref to what GXY have been doing re...

Just to provide a second x-ref to what GXY have been doing re exploration wells:

Sept Quarterly, pg 4 (link: https://www.asx.com.au/asxpdf/20181018/pdf/43zc9bjpj13qy1.pdf)
They advise they've completed a well in their southern tenements and will be doing another two holes in Q4.


Nov Presentation, Slide 26, This is again referenced with a comment that new wells will assist with better understanding the nature and extent of brine (link: https://www.asx.com.au/asxpdf/20181116/pdf/440brcpbtc8vj4.pdf)



Nov Posco sale update, pg 1, they again refer to recent drilling being undertaken potentially increasing the size of the reserve (link: https://www.asx.com.au/asxpdf/20181126/pdf/440m90g285fsyy.pdf)


Looking at the satellite images for the area:
Yellow: GXY tenements
Blue: GLN tenements
Red: Area covered in time lapse images
Black circles: Location of GXY new wells


19 August 2018: Note there's no wells in this area


13 Sept 2018: First well appears in image (I assume this is SVWW18_25 as referenced in GXY's Sept Quarterly)


13 Oct 2018: New well/s appear in image right along the Gxy/GLN boarders (It appears to me that there are at least 2 wells [which is what they said they were going to do in the Qrtly] - though I'm not sure why they'd drill in such close proximity)


Anyway - I'm not a drilling/hydrogeologist expert, just aligning what GXY have said their doing against satellite images. My interpretation of this is that they are doing these wells with a view that it will increase their resource size, and the new drill locations are in very close proximity to GLN's tenements.