The other thing of note is that in the announcement IVR make it clear they they hold 100% of substantial ground next to where the drilling is taking place. I suspect they are doing this to let holders know that they have in mind further discoveries of this type may be possible. This is potentially the first of its kind in Australia. Why dilute shareholders significantly on something you currently may not know much about. Learn from what to look for and then do the same in tenements in areas close by. Not only could their be Zambuan style deposits in the area you still have the potential for IOCG deposits.
Ann: Copper intersected in Stuart Shelf JV drilling, page-26
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