Ann: Warralong Exploration Update, page-11

So I tried to correlate with what they said they would drill at Warralong at the end of Dec 2020 with what they actually drilled at the end of 2021. Because there are no details with hole locations you can see the map has all the green lines indicating Aircore traverse lines but the text in this release mentions that "drilling over each area was restricted to a single traverse" and if we interpret each area as E45/5687 and E45/5740 respectively then that is one traverse line per exploration tenement, so that means they only drilled about 10-20% of what they said they would drill.




Now if this was in another state, with state borders going up and down, then I could understand this, but given that this is in their own turf then that seems a pretty poor effort for a years work.

So despite the market reaction - it isn't all bad news, they hardly drilled anything in their Pilbara tenements and got dusters - rather than the story being they drilled everything possible and came up with dusters.....