Ann: Quarterly Report and Appendix 5B, page-3

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Slykes

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31/01/18

10:38

Post #: 30689167
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Originally posted by Skynet ↑

Aeris Resources Quarterly

Torrens Project moves a step closer to drill- ready with approval of E-PEPR by SA Government

Airborne Gravity survey over Torrens Anomaly to commence in March quarter

Argonaut Resources Quarterly

The Falcon airborne gravity survey will commence in February 2018. This survey will
improve drill hole targeting.

Drilling at Torrens is expected to commence around the end of the current Quarter.

The quarterly reports are not marrying up with each other.
Either one of the two need to release an announcement to save some of us the confusion.

Argonauts share price has come down a considerable amount since Aeris released there quarterly highlighting the fact that the survey would commence in the March quarter which contradicted Argonauts estimate last year, that the survey would commence in Mid Jan.

We should be clear here though and highlight the fact that Argonaut are in fact the operators of this project so I am more inclined to follow their announcements regarding Torrens.

.

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I must be missing something, what part doesn't match up?
The E-PEPR approval is there in both and while the airborne survey has been moved back a month, drilling is still expected to commence at the end of the quarter (Jan - March)...
They're still waiting on the re-grant of approval under the AHA, but that should be cleared up in the next few weeks (it seems from ARE ann anyway)
Last edited by Slykes: 31/01/18

ARE Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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