Ann: Drilling commences at Lady Ilse gold-copper targets, page-121

And here's a bit more info which was posted after the quarterly:

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Some new info/updates from the quarterlies:

- cash at bank: $6.122M
- received $168K from exercise of options
- disposed of their WA tenement (and received $30k for it by the looks of it - plus they'll save ongoing annual minimum expenditure costs by getting rid of it as they're fully focussed on the NSW projects)
- net spend/decrease in cash for the quarter of $401K
- enough cash to last a long time

- drilling at Lady Ilse completed
- 3 holes for 1,594m drilled
- results due late August

- renewed all the Wellington North tenements for another 6 years

- planning the drilling of targets in the Kingswood corridor at the Myall project (last/recent drill returned 382m @ 0.2% Cu - hole ended in mineralisation)

- preparing for exploration at the Parkes project (next to ALK's Tomingley mining area)


Pretty good quarterly reports actually:

- cashflow showing plenty of cash
- activities showing some new info (as mentioned above)


Now let's see what they announce next.

Going off the below timeline, it looks like it'll be drilling at Kingswood next (and the above commentary from the quarterly seems to say the same thing).
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Cheers,

GB.