General Discussion AGY, page-15997

@Simoncho

Actually this year is not even certain, unfortunately. The drilling isn't even complete yet, so if anything comes in it won't be the full results unless they've gotten their act together.

21/07/21 RINCON RESOURCE EXPANSION & STRATEGIC DEVELOPMENTS UPDATE

Advising market they require regulatory approvals to start drilling. Also in this announcement couldn't get past this little gem;
"Strategic investment discussions and financing initiatives for additional 10,000tpa capex funding solution – preferred options confirmed" (maybe I misconstrued the term confirmed)

10/02/22 APPROVAL GRANTED FOR RESOURCE EXPANSION & PRODUCTION WELL DRILLING AT RINCON

EIA granted for expansion and drilling works. Note it took only 7 months to obtain EIA regulatory approvals. Raises questions about why it's taken years for these EIA approvals for the 10ktpa production - but that's another topic.

05/07/22 RESOURCE EXPANSION & PRODUCTION WELL DRILLING RE-COMMENCING AT RINCON

5 months later shallow drilling commences. Rotary drill arrived the week before to start shallow drilling production wells for preparation of a brine ore estimate (not done yet) and feasibility study (not done yet). Diamond drill rig to arrive week after for shallow drilling 6 x 300m exploration holes to increase indicated mineral resource estimate (not done yet).

The general concusses the on the day of that announcement was it would take 4-6 weeks for 2 bore holes and 6 diamond drill holes all at relatively shallow drilling. Then add a few more weeks for analysis. Results?

Found this little gem on that day too. 48 upvotes, ouch that's a lot of disappointed holders.



I'd love to know if other holders here actually think that the norm for shallow drilling 2 bore holes (350m depth) and 5 diamond drill holes (300m depth) takes 12 months (05/07/22) to (03/07/23). Note, that's only 5 of the 6 holes finished that were started 12 months ago. Was there a workers strike that we didn't know about?

AGYTTM
DYOR
#Imjustmisunderstood