The Achilles 1 target may not have been compelling enough for SER (as a junior explorer with limited funds and several highly prospective tenement areas) to prioritise drill testing of previously, however, AGC's discovery has now most certainly high graded it. It is not just a soil geochemical anomaly; historical drilling found Cobar-style alteration and a wide intersection of low grade Cu. Similar to Achilles 3, there are faults that cut across the Achilles shear at Achilles 1 (identified by magnetics). There is also a deeper conductor at both Achilles 1 and 3 (neither have been drill tested by SER/AGC).
Bought back in today now that there is clarity around the timeline for drilling. Achilles 1 represents SER's best chance of a near term discovery but of course success is never assured.
All IMO and GLTAH.
Ann: South Cobar Exploration Update, page-22
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