Personally, I think it is a drilling or resource update announcement, management have just left it as a broad wording in the trading halt announcement imo.
Rig break down is silly talk, that is never trading halt worthy.
Visible gold is also a chance, so too is evidence of some other commodity, potentially by remote readings in the field.
I do not think management would be stupid enough to go into a JV for KGP at this stage. There are market jitters with the variant, the gold price is low, the share price is lower than it should be and it is before all our drilling results and updated MRE are due early next year following this 30000m. After this moment would be the prime time to get any corporate agreements done when value is added to the project and when the gold price has hopefully settled above $2000usd.
Ann: Trading Halt, page-35
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