Looking at the JORC tables for the Dubbo and Woodstock, the process used to prove the resource to JORC standard requires quite a lengthy process, and then peer review. JORC requires two competent people to sign off. We know the peer reviewer has signed off Woodstock and Dubbo but we also know these were both being worked on during the time frames mentioned by the company, as well as a Bonanza.
Seems to me it's taking longer than they thought. Not the greatest thing in the world but Woodstock and Dubbo survived the process so I don't see why Bonanza would be any different, just seems to be taking longer.
Ann: Same Class Equity Offer (Share Purchase Plan), page-136
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