As usual, things are downplayed, potentially due to the buy back and getting more shares as low as possible. If I was management I would have ran with a headline like “IOCG potential at Kuiper target” due to key Bismuth results which is a known pathfinder element for Tennant Creek style IOCG deposits.
Anyway, we continue to wait for the next major news. Kuiper drilling starting this week and further Kurundi drilling to chase the structural zones and high grade gold mineralisation. I am watching closely because the structures have likely moved the main ore body and mineralisation continues to be open which is a very good sign. These types of complex IOCG deposits are not found overnight and take multiple exploration programs. I am in this for the long game, but obviously I would prefer it happened sooner, rather than later.
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