I received an email update today from management in response to a request for a drilling progress update.
Management have stated to me that phase 1 drilling was completed on Thursday the 13th of December and then everything was locked down in preparation for the cyclone. No significant damage was impacted at the site though power was lost for a few weeks but has now been fully restored. Site is now closed for holiday break and will resume mid January. A market update will be released imminently regarding the phase 2 transaction progress.
Would expect that announcement by the end of the week!
CNO Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held