Can anyone draw conclusions from this statement on page 4 of the announcement, highlighted in BOLD:
"Drilling of hole MTD027 (planned hole MTP026) on the eastern margin of the Mulga Tank Complex is still in progress and is currently at a depth of around 1,150m.
The hole was designed to test a coincident gravity and magnetic high, and minor MLEM anomaly, as well as for the presence of nickel sulphide mineralisation in an area of the Complex that has had no previous drilling. The hole was anticipated to intersect the footwall of the intrusion at around 750m, based on the Company’s lopolith shaped geological model of the main body, but the drilling so far appears to show the eastern margin of the Complex is much steeper dipping than the western margin."
After 1,150m of drilling, they still didn't hit the main body?
Ann: June 2023 Quarterly Activities Report & Cash Flow Report, page-142
Add WMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.75M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 18.0¢ | $2.39K | 13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 78184 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 274857 | 1 |
View Market Depth
| Last trade - 15.50pm 11/11/2024 (20 minute delay) ? |
| WMG (ASX) Chart |