takeover, page-3

My understanding is there has been exploration happening so would not be suprised to see a resource upgrade.

"Territory will shortly commence drilling other target
areas between these two deposits and in down plunge positions north-west of the Jasmine Central
Resource."

Above from the ann 3 weeks ago where they also stated additional resources.

Weather permitting, we hope to be drilling this new and exciting area in the first week of November.
While we have had a lot of rain in the region over the past week, our intention is to follow-up on these
results as rapidly as possible.

In addition to drilling programmes at Frances Creek, Territory has received final approval to commence
drilling at the Companys regional McCarthy Hill Prospect, located 25km south-east of Frances Creek.


Going from director purchases and recent trading activity my guess is someone is in the know!