where are we now?

Quarterly Reports, like the one issued yesterday, can sometimes look like a rather dreary legal requirement - putting a tick in the square, with information we have largely already seen. But there's also the chance to reflect on the important steps made, and the ones coming in the immediate future. And just how immediate that is, really matters.

At Balama, much more infill drilling has been completed, and the current position is like this:

At Balama West we can expect the Ativa Zone to be upgraded from " Inferred " status, to " Indicated " status, with a formal announcement early this month. And that will be a key peg-in-the-ground for lenders.

At Balama East, the Mepiche and Sushi Zones have cores being assayed, with results expected "soon".

A couple of other key dates are discreetly tucked away in the report.

First, the Mining Licence application appears to be tracking well through the Mozambique bureaucracy, and SYR are hoping for formal issue of the licence in the current quarter.

And the Feasibility Study is expected to be released, based on the newly available data, also in the December quarter.

Where are we now? I think we are in line for a very nice Christmas present!

Cheers, Prime1