Yes most likely at depth 70m+ in refractory gold ore as too why IRC have shifted focus to the likes of Binduli-crake with the easy to toll treat oxide ore mining ... Anthill, other projects etc
Now, of course with the MRP merger plan, maybe more deep drill at Teal camp will be approved.. HUGE potential that for sure. and if the goal is to be taken-over 2020-21 for 50-60c+(IMHO) then the focus will be on proving up a very attractive large GOLD resource during 2019-20
As we know spare milling capacity is very limited now in the region for toll treatment so IRC original plan looks to have been forced to shift to now merger and prove up sizable 5-8moz+ resource etc which will be funded by more asset sales - Menzies - Goongarrie-Richmond-Anthill ? and Captial investment to drive the drill bit closer to KAL south
First, of course, is to get the SP to healthy levels here's counting on JP and team to do that with the funds with have available for 2019
IRC Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
