Good progress on exploration at Mt Magnet and Edna May recently (reasonable sets of RC results), as well as the Mt Finnerty JV (early days, 75% RMS stake). Results are in the RMS quarterly, but WSR put it as: "Bonanza Grades up to 274g/t Au at the Ramelius Resources Mt Finnerty Farm-in/JV".
Any extra ounces that can be found around Penny would benefit AISC in years ahead.
Some other updates due soon:
MINING/PROCESSING STUDIES
Work progressed on a number of fronts in the Mining Study area during the Quarter, notwithstanding that drilling and assaying activity typically slows for about four weeks from mid-December. Given the various target dates for certain stages of completion of the studies, it is planned to provide more information in February 2022 including updates on:
Mt Magnet
▪ Morning Star UG Concept Study
▪ Galaxy UG Pre-Feasibility Study
▪ St George UG Remnants Study
▪ Hill 50 UG Concept Study
Edna May
▪ Edna May Stage 3 OP Pre-Feasibility Study
refocus on exploration, page-3
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