The deep exploration drilling at the Rio JV was certainly a diversion from work at Greater Duchess, particularly as no useful assays and intercepts were reported. Of course this would be seen differently if anything commercial had turned up.
that aside, any reasonable reading of the company's statement announcing resource definition drilling at Trekelano clearly shows the company wants to monetize this prize asset asap.
it certainly makes sense to find out what they have before doing so.
for those who have overlooked the company's recent statement, it's worth another gander. Part of this is reproduced below.
CNB:
"Exploration Update:
"• A total of 1,442 samples from December quarter CY2024 exploration and resource drilling programs remain outstanding, including all assayresults from the Pronuba and Mohawk Prospect drill programs.
"• Exploration drilling in December 2024 did not complete all planned drilling due to early wet season rains. Mohawk 3 and San Quentintargets are yet to be drilled.
"The Company's Managing Director, Rob Watkins commented: *We are highly excited about the maiden drilling program at Trekelano which will be the first drilling at the project since 2012.
"The Greater Duchess Project including Trekelano has enormous and demonstrable exploration upside, having grown to a proforma Mineral Resource Estimate of 27Mt @ 1.5% CuEq for 400,000t CuEq and presenting a clear pathway and timeline to a low Capexdevelopment." "
CNB Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
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