Ann: High Grade Copper intersected at Horse Well Prospect, page-437

Well Vulcan has had quite a few holes in it so it takes time to determine proper vectoring with grade and drill location. I invested in tas over a decade ago based on proximity to Olympic Dam. Initial results were ok but Rio Tinto wanted to prove it up over the entire pipe not following their ok grades to see if it opens up either side of mineralisation.

I think that once atleast 50-100m of ok grade is found then chase that and build the model around it. Get a second rig to chase other potential rather then getting distracted. It’s not like other deposits as geophysics make these almost blind regarding the economic sulphides.

Many of these deposits will be found, the corridor is too large for a handful, I consider these like the Andes where various phases and mineral styles occur. Predominantly it’s IOCG but other related deposits can exist. In Australia the belt starts in northern QLD and expends down to the copper triangle. Have a look at ICG with what geoscience Australia drilled this week.