ADG 0.00% 0.5¢ adelong gold limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

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  1. ad0
    274 Posts.
    lightbulb Created with Sketch. 34
    To be half fair, they have withheld the resource upgrades going all the way back to Donkey Hill and Currajong - the only resource upgrades they have done are remodelling of old (+2yr) holes - not a single hole from the last 2yrs (Aug 2020) has been included in any resource release. The timing of the Aug 2021 upgrade implied recent (q2 2021) Challenger drilling was included, but it was not.
    I haven't done the exact count but in the last two years:
    7 x Currajong 2020
    3 x DH 2020
    15 x Challenger Q2 2021
    7 x Caledonian (early 2022)
    3 x Gibraltar (early 2022)
    6? x Gibraltar/sawpit? Q4 2022

    So really, the next resource upgrade should be from 40-45 holes, not 6.
    Last edited by ad0: 28/10/22
 
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