Ann: Zapato-1ST Drilling Update, page-84

Figure 1: Adapted from ASX:MAY, 13/05/2022, Zapato-1 Exploration well on track to spud end of May, https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02521425-3A593587?access_token=83ff96335c2d45a094df02a206a39ff4, scaled and measured by myself with annotations displaying the information from: ASX reported depths and other predicted depths of significance (ASX:MAY, 16/08/2022, 04/08/2022, 27/07/2022, 07/06/2022, 01/06/2022, and 23/05/2022). ASX:MAY suggests "...to reach its target depth at 2,650m..." (29 Jul 2022, ASX:MAY, Quarterly Activities Summary-Period Ended 30 June 2022).

Another user has privately let me know today, the company disagrees with my diagram, they suggest:
1) it is outdated (~3years old),
2) the interpretation has changed,
3) Learnings from Alameda have changed their interpretation,
4) the 13/05/2022 may be the most up to date published diagram.

I can accept it may be 3years old, I can accept the company would like to encorporate what they learnt from Alameda-1, however, I still believe the 2019 interpretation is superior, for the issues I raised in post: 63041769, for example: the cement cap, detached pipe and oil in the ophiolite location(s) make more sense with the 2019 diagram, in my opinion.

This also puts to bed the controversy surrounding the claim that the target structure begins at 2,650m. I can accept they are using the ASX:MAY 13/05/2022 diagram instead. This really bugged me, I'm glad there is an explanation for it.

In the interests of science, I will from now on post both diagrams/interpretations alongside each other in the same post after each update, then we can see which diagram was more accurate. The more information the better in my opinion, when the data aligns, then we know what we are looking at might be accurate.

The consequence of this is, if the ASX:MAY, 13/05/2022 diagram is the more accurate diagram, then potentially 2,650m would be intercepted by approximately 28/08/2022, at ~40m/day. Also, it might be unlikely that by the next announcement we hit the 2,650m crest, however a new drill head, could potentially see faster drill rates.