KAU 0.00% 16.5¢ kaiser reef limited

Ann: Quarterly Activities Report, page-3

  1. 878 Posts.
    lightbulb Created with Sketch. 862
    Extensive alteration through broad zones of intrusive rocks in the Lachlan Fold Belt.
    Looks prospective to me.

    The drilling paragraph is weirdly written.
    If I understood correctly, we've already drilled 6 RC holes with assays pending soon.
    We've now moved onto diamond drilling the intrusion under Quartz Hill and these assays are expected to take much longer.

    I'm not sure if the 1500-3000m is referring to the RC or diamond drilling or both.

    Still waiting on the prospectus before commenting on the acquisition. Has to be good considering we're somehow paying 17.4m$ for a special purpose vehicle that acquired centennial's assets for 13.5m$.
 
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