In my view here is the critical paragraph from the report
"To date, the mine plan only includes two of nine known mineralised lodes within the permitted
lease (Kavanagh and Nugent), and these areas remain open at depth and along strike. As we
continue to work through the financing based on the existing mineral resource base, we have also
engaged DRC Drilling to continue drilling at Kanmantoo. The aim of this drilling is to demonstrate
the potential of the other lodes within the lease, beginning with South Hub. Adding in more work
areas will improve operational flexibility and increase annual throughput at relatively low
incremental cost by utilising the latent capacity in the processing plant and tailings storage facility,
all of which is expected to further improve value.”
I was hoping this would be or is close to completion. Can't see financing happening until this is done.
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- Ann: Quarterly Report and Appendix 5B for 30 September 2022
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