Over past 5 months, 9000m already drilled from the 2 company-owned diamond rigs
Barring Chinese NY, assuming resumption of drilling March until start of December, expect another 13,000 - 16,000 m to be drilled, taking into account rainy season beginning mid April.
Total expected drilling by 2 current rigs = 21,000 - 25,000m
Third rig, more powerful, estimated to commence mid May - expected to drill 5000 - 57000m by start of December.
Total expected drilling by start of December from all 3 rigs = 26,000 - 31,000m
Falls within CW's target of getting 30,000m drilled before end of the year, not to mention maiden JORC resource. Fully funded and all systems go from here.
Ann: AUE purchases 3rd new diamond drill to expedite exploration, page-2
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50.0¢ |
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Mkt cap ! $166.4M | |||
| Open | High | Low | Value | Volume |
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| 1 | 100000 | 49.0¢ |
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| Price($) | Vol. | No. |
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| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| AUE (ASX) Chart |