What are your expectations for an initial resource statement?
Pre merger I had a look at AUE's intersects and ground and thought it might end up in a similar ballpark to MKG's resource.
But now after this $10m at 35c... not so sure. Thinking it may fall short and hence they want more money to expedite more drilling.
I guess they are having a similar issue to MKG: Most of the intersects are narrow. Would be good if they could get some widening at depth: but I guess that is the nature of these mineralization in areas.
Ann: AUE receives firm commitments for A$10 million placement, page-5
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
48.0¢ |
Change
0.010(2.13%) |
Mkt cap ! $159.7M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.5¢ | 47.5¢ | $8.246K | 17.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4122 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 72900 | 4 |
View Market Depth
| Last trade - 11.10am 30/07/2025 (20 minute delay) ? |
| AUE (ASX) Chart |