Ann: Resource Grows to 1 Moz at 11.3 g/t Gold at Pickle Crow, page-100

Hi @Agent-86,

I can understand your frustration now the resource update would be in 2021Q1 rather than 2020Q4. However, I think one thing you and others overlooked is the fact that the drilling program has been massively increased in today's announcement, from the initial 10,000m to now 45,000m with an added third rig.



That's an increase of additional 35,000m which is very significant. As a result, I don't think it's unreasonable to allow more time for the drilling program to be completed and additional time to analyse the drill results. To me, 2020Q4 and 2021Q1 is a small delay that I'm willing to wait. To date, we've only completed 10% of this 45,000m drilling program.

Now looking back at the May announcement of commencement of drilling, the initial plan was to drill up to 5,000m with 1 rig:



IMO this shows confidence by AUT to expand & accelerate the drilling program and truly understand the whole image of what's underground in Pickle Crow, which is what Ray was talking about 'not to release results bit by bit, but present the whole picture'.

On top of that, the drilling program is completed funded from the recent CR of $30.4m meaning enough cash until at least 2021Q1.

It's a long term hold for me and I think today's SP dip was a good opportunity to top up.

GLTAH and DYOR