RR1 reach resources limited

Re rate happening, page-4048

  1. 7,376 Posts.
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    Phase 1

    15 RC + 6DC


    https://hotcopper.com.au/data/attachments/5885/5885619-3fdae51532a08fc1689aaaad8cbee692.jpg

    lets say $1.10M for drilling Phase 1

    DC Drilling 2,116.8m Drilling Costs ~$280/m. = $592,704

    RC Drilling 2,383.2 Drilling Cost ~ $175/m = $417,060

    Total $1,009,764


    those drill prices are from a friend of mine, but if someone knows please post

    https://hotcopper.com.au/data/attachments/5885/5885623-f9918e2a8c4e626d82c3c0b56dbe8b17.jpg


    Start of Phase 2 drilling still had $3.9M in the bank

    Phase 2 Drilling 58 holes for 5282m, RC Drilling $175/m = $924,350
    probably another 33 holes left, 3718m x $175/m = $650,650
    Total Phase 2 drilling $1.5m

    https://hotcopper.com.au/data/attachments/5885/5885735-80e688b302caa5aa24145c8581092aef.jpg

    Probably $2.4M left in the bank after phase 2

 
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