CLE cyclone metals limited

Ann: Secured Notes Provide $1.32m Cash to Fund Operations, page-67

  1. 2,304 Posts.
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    Currently they have boffins working on the mineral resource upgrade. They are are doing this by studying the aero-magnetic surveys etc. You know- boffin stuff. They have to take stuff that blind Freddy can see and prove a case for what can be seen. The boffins are looking at seeing if the mineral resource can be upgraded and if it can be JORCed up without further drilling.
    I am not blind but before laser surgery, I used to wear coke-bottle glasses. The drilling program was over 4 kms of a 12km strike of the Greenbush Zone. This was about 50% of the Greenbush zone.
    We are expecting an announcement soon. I am going out on a limb and making a forecast. The resource will double in size, and treble if they also study the area across the valley to the west. I will also forecast that they do not have to drill to prove the upgraded volumes. The former will allow a greater escalated mine plan with greater output over a shorter time frame. The latter will mean that we can progress faster without the need of a drilling campaign in 2025 and saving up to $USD10M in our SOAP budget.
 
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(20min delay)
Last
5.5¢
Change
0.002(3.77%)
Mkt cap ! $60.15M
Open High Low Value Volume
5.3¢ 5.6¢ 5.2¢ $46.88K 864.5K

Buyers (Bids)

No. Vol. Price($)
2 145827 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 112966 2
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
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