the jorc delay.....

It appears the "problem" may lie with the company that prepares the JORC (Indicated) resource, Xenith Consulting, for EER...
After the initial delay due to the protracted inclement weather in Queensland and the hold up it caused to all mining in that State, XENITH had promised to have the JORC resource ready by mid April....
Then, they "discovered" that there was Coal Galore (apparently) not included in the Geological records given by the Company (EER)after its conclusion of the Drilling...So, they asked for a little longer, time they were to use for a "bit more exploration". They thus did....And here in lies the "problem".....The more they work on it (JORC) the more the JORC resource increases!!!
....However, because they (XENITH) had promised to the Company (EER) and its management the Indicated JORC resource (and its Announcement to the ASX) will be out by April's end, the said "Problem" arose.....
What to do with the TOTAL Indicated JORC resource???
EER's position, it seems, was Clear: No further delays...The Announcement will have to be out, as promised, before this month's end....
So, a "compromise" was reached: An announcement by April the 30th, including the JORC already prepared by then.....And.....More announcement(s) soon after, to include the Increased JORC as they do more work!!
Very unusual and "very serious problem" to have indeed....I bet every Mining Company would love to have similar "problems" with minor delays related to Unexpected JORC increases to their Resources....

Cheers.....great Festive season to all)))


PS. The above explanation for the delay is only a ..."Hypothetical scenario", which my extremely inquisitive mind has worked out.....