My anticipated Exploration schedule for HLX. My opinion only based on releases from the company to date.
Week of the 19th March- Regional Copper sample results - DHEM work on the new holes at Collerina ongoing within this week in prep for further deep drilling straight after and remember this programme has achieved the first goal now it gets real interesting.
Week of the 26th March- Regional Ni/CO ground sample results and in the same week start the RC slimline drilling of high priority targets adjacent to our 70-million-dollar neighbour CLL.
Week of the 2nd April- DHEM work complete and Collerina deep drilling to re-commence to find the money shot with much improved step by step DHEM intel. IMO we are very close now just complex geology down deeper but it’s very well understood now.
Week of 9th April- First results from the first 3 holes at Collerina and Mundarlo.
Week of the 16th April- Results from the first Ni/Co drilling… Don’t forget this from the company a normally reserved company I might add.
”Both styles of mineralisation (VMS style copper and lateritic nickel‐cobalt) are planned to be assessed through first‐pass reconnaissance exploration activities anticipated to include both geophysical surveys and drilling. These programs have the potential to rapidly add value from these largely untested regional assets”
The market jumped the gun on this one back in Dec/Jan now it’s time for this. Both shaws and Bakers bought and hold at close to 5 cents on the ground samples alone for this upcoming drilling area.
Week of the 23rd April- Collerina 2nd set of results this is where it interesting the value add potential here is very significant, once they define the down dip path and set the economic course for this asset to be monetised very well.
This is right at the start of the main exploration cycle with assets at key value points. The EV currently is a superb base. Mick has bought some excellent investors onboard over the last few months and the board is renewed with some of the best in the industry for kick this off.
All the best
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