Ann: Exploration Gaining Momentum at Jean Elson IOCG Project, page-7

This is good news.

OK East Arunta delays but VTEM "commenced and is expected to be completed by early September" and GAIP "originally scheduledfor May-June but impacted by Covid-19 related staffing issues, and more recently mustering, is planned to commence in midSeptember and is anticipated to take one month to complete".

Talking about delays, East Tennant's Frewena logging issues seems to be a good problem to have... "The intensity and variability of
veining/brecciation, alteration and sulphide mineralisation is such that detailed logging is a pre-requisite ahead of core cutting
and assay testing."... For these reasons, this is perhaps why some people have been talking about a delay in the OA deadline may be required?

Back to East Arunta, with 8 big targets described as "IOCG Broken Hill style" the latest 2 are most pleasing. "Among these targets were the new and very large Spinifex Pigeon and Kestrel prospects."




It also looks like Arunta shaping up as another new emerging province where Inca is "early mover" yet again AND with potentially the biggest land holding 2,142km2 if EL 33214 is granted... which is most likely given the work we've done to date.

"Heightened interest in the Jean Elson-Jervois deposit area is no doubt partly due to the approaching definitive feasibility study(DFS) of the KGL Resources-owned Jervois Copper Silver Gold Deposit. The Jervois deposit has become a newsworthy miningdevelopment story, with the industry coming to crips with KGL’s near 30% contained copper upgrade, near doubling of coppergrade from 1.07% to 2.03%, and unfolding exploration potential. As recently as July 2022, KGL had announced very substantialexploration results at the satellite prospects of Reward East, Reward and Bellbird.Companies such as copper-focussed Sandfire Resources Ltd and IGO Newsearch Pty Ltd have acquired large parcels of groundin the vicinity, in July 2022 and June 2021 respectively (Figure 4). Inca should rightly be considered an “early mover” in thisemerging area."



Poet

#Patience