This is a significant announcement to me.
The company would have had this estimate of the Magenta zone years ago, but were in JORC compliance by not releasing it much earlier. I suggest CTL have launched the capital raising based on the pending release of this report but they needed to wait for completion and sign-off of the recent drill hole and independent resource estimates.
The directors are aware of the assets better than we are, but only because they want to maintain a high data release integrity. Todays results announcement is impressive and exciting for the company. This is "going up up and away" over the next year or so.
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- Ann: New Magenta Mineral Resource and SPP Closing Date extension
Ann: New Magenta Mineral Resource and SPP Closing Date extension, page-7
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