There is no evidence of any drilling over the past 4 years at any of the Adelong deposits. below support my conclusion:
on 2016 - Macquarie Gold Limited (MGL) release a replacement Prospectus on 08/08/2016 that included the Geo report on 03/08/2016. Their focus was below:
Then they were going to start drilling but ONLY after mining started:
8 months later On 27/04/2017, International base metal limited (IBML) released the following in their quarterly activity report relating to delays in getting the mine ready:
7 months later on 02/11/2017 quarterly report, they finally started mining (underground):
2 months later 01/02/2018 quarterly activity report, massive problems with the ore for underground mining:
6 month later on 25/10/2018 they announced that the mining operation was in care and maintenance:
Then 5 months later, MGL with Challenger Mines Pty Ltd went into receivership.
Summary
There were no documentation/reference/announcement to any drilling between 2016-2020 from any source i can see from either MGL or IBML. underground mining was the priority focus and failed, before a review could be completed, the company went into receivership.
I thought there would have been some drilling but none at all.
- Forums
- ASX - By Stock
- ADG
- Ann: 3D Resources To Process Mullock On Site At Adelong
Ann: 3D Resources To Process Mullock On Site At Adelong, page-101
-
- There are more pages in this discussion • 200 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADG (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $5.589M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $12.4K | 2.480M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 26488762 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 9824759 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 26488762 | 0.005 |
26 | 24954003 | 0.004 |
32 | 36194720 | 0.003 |
7 | 37950000 | 0.002 |
10 | 76805001 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 9624759 | 7 |
0.007 | 8240205 | 13 |
0.008 | 4605196 | 13 |
0.009 | 3161111 | 5 |
0.010 | 4022185 | 8 |
Last trade - 15.01pm 17/07/2024 (20 minute delay) ? |
Featured News
ADG (ASX) Chart |