With regard to drilling efficiency. I spoke to Justin Tremain at TCG who use the same drilling as AUE. In fact, they had several thousand m to be done by AUE to secure major Boundali leases. He said that post that he did a further contract for drilling with Caigen Wangs drilling co.
I asked about the fact that diamond drilling is normally a lot more expensive than RC (Reverse Circulation ) drilling. Miners sometimes use RC to pre-drill before following up with Diamond (Core) drilling to deeper depth in what is called a diamond tail. He said:
- not in CI.
- the depts being drilled a shallow low overburden
- you get a full core and that can be/ is used for metallurgical testing
- the diamond drills used there are man-portable.
- in hilly country, which they have, preparation of the drill pad is much easier for the small man-portable diamond rigs. ( AUE is in flatter country at Boundialli).
All of the above confirmed by Caigen goes to explain a major Advantage of AUE both in being able to negotiate for leases cost-effectiveness in drilling and the low final cost of mine development/oz.
Some don't care for this kind of detail but it builds the picture. In fact, Caigen said a lot of this to me 8 months but I hadn't yet understood the elements that make these operations so much more efficient than say (West +/-) Australian operations.
All IMVHO
PS We have 8 rigs biting into the ground to produce results, "Toute de suite".
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $166.4M |
Open | High | Low | Value | Volume |
50.0¢ | 50.3¢ | 49.8¢ | $242.8K | 485.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 62235 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 41798 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 64978 | 0.500 |
4 | 33445 | 0.495 |
4 | 153049 | 0.490 |
5 | 202319 | 0.485 |
2 | 105000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 41798 | 6 |
0.510 | 21962 | 2 |
0.515 | 11049 | 3 |
0.520 | 125700 | 2 |
0.525 | 30524 | 3 |
Last trade - 12.00pm 08/08/2025 (20 minute delay) ? |
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