MGT 6.00% 26.5¢ magnetite mines limited.

MGT General and Off Topic Chat, page-812

  1. 2,956 Posts.
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    Hey guys.

    Something I'm also hawk-eyeing, is the water situation.
    I loved the new update in the OC result announcement;

    "Water Drilling
    - Water drilling to identify the available groundwater resources for the project is being actioned pending permitting and heritage clearances, both of which are currently underway. This program aims to drill test two groundwater aquifer targets identified by Eco Logical Australia as prospective groundwater supply options within the Company tenement package. Pending permitting, the drill program of up to 12 bores is planned for the third quarter and aims to test the suitability of the water resources in terms of supply volume, quality, sustainability of supply and any environmental and social impacts."

    I'm really curious if anyone had anything to share about water drilling in general, so that we might potentially de-risk what we can - acknowledging we'll all have to wait and see re results.

    I'm also curious as to the Muster Dam area. Anyone know of any water sources up there?
    Cheers


 
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