So there was a presentation, but not a lot of new information.
Key points:
- infill dining in the northern zone to prove up more DSO tonnage (previous drilling was in the southern zone). Given the southern zone infill drilling and MRE has taken about 9 months, I'd say set expectations for about a year (June/July 2024)
- work on the PFS likely to start in September and will probably take 15 months to complete. This means January 2025
- options are unlisted / not tradable, and have apparently been issued. I don't see these in my CommSec account, where should I be looking? (Link Market Services are complete rubbish, heaven forbid I need to log in and interact with them!)
- Madagascar mining code is progressing
- Tratramarina looks like it's been deprioeitised
My take is it will be a slow 18 months until the PFS is delivered.
I was hoping for a bit more momentum and urgency with relation to completion of the PFS, but it is what it is.
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