Red Gully underground assets

Hi Folks
I am trying to understand the implications for Ego shareholders regarding the current shallow hole drilling programme being conducted at Red Gully.
1, what are the target minerals involved?
2, If I understand correctly the excitement generated by some posters at this turn of events ,
How does this affect Ego as we have the oil/gas drilling licence but to my knowledge no other drilling licences.
3, Or is it the hope that Min will take over the co concerned because it fits their profile.

Or did I misinterpret the posts.
Ally