Porphyry Drilling Status - Q1 2023, page-43

IMHO, a mixture of possible news releases pending;

1. Rare Earth Target news - soil logs, auger results, magnetic anomaly and critical mineral opportunities (Government support)
2. Re-focused Cayley drilling program, now going deeper as they step out further along the drilled out Cayley Lode resource. Program is 4,500 metres with 6x diamond drill discovery holes for Jan-Feb 2023 planned, eg. average 750 metres per hole!!!!
3. New drilling access in paddock which has been restricted for the past 10 years
4. Upgrade in economics due to "gold rich" - copper porphyry system potential....increasing gold to copper assay parity at depth
5. Regional exploration activities over December period to be reported - 19x priority targets being examined
6. Share price still 42% below price this time last year when it was $0.50 / share.
7. Market not valuing porphyry potential, Rare Earth Target, high grade gold-copper intercepts (SMD182 intercept of 4.9m at 6.74% Cu, 6.45g/t Au and 19g/t Ag from 426m drill depth), Mineral Resource metal content of 210,000 tonnes of copper ($2 billion) & 100,000 oz Gold ($200 million), etc.
8. Takeover potential or Joint Venture options - we know they have spoken to Newcrest / Newmonts of the World.
9. Share price still recovering from capital raise discount.
10. Significant scientific support from Victorian Government Geoscience department.