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Ann: Chairman's Update - August 2022, page-108

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Antipater_100

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25/08/22

11:21

Post #: 63315578
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Originally posted by tinstuff11: ↑

I agree - ICG have more than enough success with 1st round of drilling - to then run a targeted 2nd round of drilling.
[Why keep drilling when do not need to?]

JS only needed 1 drill - to then be included in 2nd round of drilling.
DC and Plains not required - to have a full 2nd round of drilling
Outstanding drills on Mt Lamb also not required - to have an effective 2nd round of drilling.

I do expect the next update to have more detail re what has been sent for assay, both RC and selected cores.
The new CEO appointment might still be a couple of months away though.

Clearly ICG see no panic to get the OA's over the line [otherwise there would be some hype from ICG]

Patience is required.

Expand

that's how I see it. Just the message could have been bit more clear.

Otherwise it is common sense to save money if the company generated enough targets (based on visuals and dependent on assay results) to design second round of drilling.

Also, there is no point of laying down any plans of what and how the second round will be developing if assay results are not in and review is not completed.

ICG Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
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