Gday Kingpin,
If the assay results come back positive next month for that Northern Drilling, we are likely to get a nice mineral resource upgrade somewhere around April would be my guess
A 50mt resource (at 6.5%) would move Springdale into the #2 Position in Australia (I do note a couple of other projects in the below are currently drilling or planning to drill, so this graph is just a snapshot of resources as is known today)
This is critical to IG6 being a key player in Australia. I have touched on previously I am a huge fan of the management team + the Downstream Plant in Collie, my one negative has always been the quality of the mine / resource
The company is already gaining the full support of the state government (and IMO will gain support from the Feds in due course), Collie is an old coal town in WA with coal fired power stations that are winding to a close, the State Government is going to throw money at any new long term industries that will keep people employed
Fingers crossed for the 39 RC assays next month (to go with the solid results from Sep / Oct last year) and a nice resource upgrade in April
