WMC 0.00% 20.5¢ wiluna mining corporation limited.

Gold Turnaround Story of 2018, page-1223

  1. 5,708 Posts.
    lightbulb Created with Sketch. 8055
    Bit of a refresher on current events:

    1.  Most likely smashing it with production for March

    2.  Drilling campaign currently ongoing and:
       - proving up resources
       - adding more resources

    Many targets over 55km's of strike.

    Expect plenty of drilling news to start coming through shortly (they have $30m+ cash).

    Drilling currently at:
       - Golden Age (underground)
       - Matilda (open pit)
       - Wiluna (open pit)

    From this week's announcement:


    blk drilling current.jpg


    And from previous announcements:



    blk drilling 1.jpg



    blk drilling 2.jpg


    "Since June 2016:
       - 1.4 million ounces added to the total resource base
       - 640,000 ounces added to the total reserve base"

    Just discovering that much would be massive for any company - these guys have just casually "added them".

    Let's see how much more they will add via the current drilling campaigns.

    Cheers,

    GB.
 
watchlist Created with Sketch. Add WMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.