CNB Current Drill Program, page-51

I have said before that the Nil Desperandum and Mount Birnie deposits are commercial and will be mined, probably in the next decade (exactly when I don't know). Nil Desperandum grows with each drilling campaign and it has significant potential to keep growing. I believe enough drilling has been completed this year for an inferred JORC resource at these two deposits but this is unlikely to be released until Feb-March 22.

The addition of nearby deposits such as Duchess/Ivanhoe will build resources. Lady Fanny and other prospects might get a few good holes this year but are unlikely to provide a resource until a further drilling campaign in 2022.

The more resources CNB build around the Duchess area the more the bargaining power when a combined HMX/CNB copper-gold project becomes feasible. Yes both companies could build resources for stand alone projects but it would be a serious waste of capital to have two 10 years mines with processing facilities within kms of each other. Either go for a 20 year mine or twice the annual tonnage.

So yes CNB have found commercial deposits this year. The Pilbara gold story could take another year or two to unfold with so much ground and many targets. Those that expected amazing drill hits instantly have been disappointed. They are getting their eye in, give it time because the potential is significant.