So the topic at hand is how long will drilling take?
As per the last announcement post CR, drilling was scheduled to commence at the end of February, subject to completion of existing commitments by the contractor (DRC Drilling of Dubbo).
I would expect announcement to confirm drilling has commenced as the company has done previously, so my guess is existing commitments of the contractor are still being competed .
To get an idea of timeframes involved, we can look a previous drilling programs.The drilling that was completed mid last year was also to be 2000m (Same as the one waiting to commence) and was started on 11/06/21 and was finished on 22/07/21. They did add additional 222m to the program while they had access to the contractor (It was also DRC Drilling),so the final meters drill was 2220m and 15 holes.
The first results(First 8 holes) for the program were announced to the market on 12/08/21, with the remaining holes announced to the market 25/10/21 .I think it would be fair to expect a similar timeframe drilling program, plus or minus a week or two. So a reasonable, conservative guestimate would be a 5 to 6 weeks to complete drilling.
Some rough calculations (To figure the when the first batch of samples was completed) puts turnaround time for the first 8 samples at about 1 month, 1 week. Which does fall in line with my typical expectations of 6-8 weeks to complete analysis.
The results for the remaining samples took substantially lot longer and weren’t received until 25/10/21, which was a full 3 months after drilling had completed. We can only hope that we don’t have delays like that this time, but it worth keeping in mind.The results in question were added included in JORC compliant resource and release to the market on 17/11/21, just under 4 weeks from when the last results were announced.
So if we allow typical assay time of 6-8 weeks from the end of drilling, you're looking at11-14 weeks from when drilling commences until all results arrive. I don’t expect it take as long to update the resource, but if it does that’s 14-18weeks for everything to be completed.
These timelines could be completely wrong, but I feel like they should be in the ballpark (If its quicker I'd be happy!).It's up to everyone else if they agree with that or not.
