Mining Network Video (Ref below). ~13m 30 seconds in.
"the program we're just about to complete is a small DD program. Potentially it's going to provide information, but we're at that stage now where we can deploy a much larger drill program/campaign at Malachite, and that's something that we're now discussing and planning for 2025. And that's in the absence of getting assays back from this drilling."
So, we're happy with the base work we've done leading up to today including rock chip samples, some DDs late last year and we're currently drilling it out again now. Despite assay results that are imminent, we're going to deploy "a much larger drill program/campaign" in 2025, regardless of what happens in the current round of drilling.
So why not just pepper Malachite with RC holes this year with 10k-20km of RC drilling?
So $1.2m to $2.4m depending on if you drill 10k-20km. Which we're going to do next year anyway, despite results of current drilling. But we can add overhead on to the cost for time taken to wait another year. So why not just do it this year when we have AU$6m in the bank as at 30/6/24.
Zero sense of urgency here.
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(20min delay)