?Applications for tenements entering final stages of approval process. ?Conservative resource target of >50MT with planned DSO operation of 2-3MTPA.
Winchelsea Island
? Satellite remote sensing delineates 17km2 of highly prospective Cretaceous sediments. ? Detailed Quickbird interpretation and photography confirms Manganese outcropping with identical stratigraphy as that found on GEMCO's Groote Eylandt operations.
Groote Eylandt Offshore
? Remote sensing delineates 12km2 of manganese outcropping at intertidal zone within tenements. ? Additional 300km2 of highly prospective ground targeted directly downdip and adjacent to GEMCO's operations.
GOT Price at posting:
86.0¢ Sentiment: None Disclosure: Not Held