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clock Created with Sketch. 31/07/24
23:24
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Originally posted by triage:
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Well, the last couple of weeks here have been fun - talk about a run of dopamine shots! But back to work..."Proceeds from the $80.0 million Capital Raising will be used for: some drilling: "Given this new high-grade discovery is in such close-proximity to thedevelopment associated with any Never Never underground access scenario, Pepper is the drill team’sPriority-1 in-fill and extensional drill target right throughout the second half of 2024. We will focus onclosing in the drill spacing and testing extensions to the Pepper Gold Deposit from surface right up to theunderground exploration drill drive giving us an underground drill platform to continue this work." page 4 MRE announcement of 23 July"All regulatory mining approvals are now in place and all major support services have been engaged tofacilitate the commencement of construction and development in the September quarter."
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They stated last week in the announcement on the drill drive contract award they will be starting a new drilling program about now or early August with drill rigs arriving about now (see end of first image below). The program will be focused on Pepper as the number 1 priority but as the end of the second image below from the same announcement, notes will also include 4P, WW and other surface anomalies.
(20min delay)