Ann: Amended Investor Presentation, page-62

First 62 Last

Share
Profile

Follow
robbo24

10,964 Posts.

1771

23/03/17

19:44

Post #: 23584908
Share

Originally posted by Wilma85 ↑

One thing that is bothering me is the time it is taking to get the complete drilling results and resource upgrade.

Here is an extract from the last quarterly. Now I'll be honest, I was hoping to already have these results when the December quarterly was released, but we're told it will be this quarter.

"Analysis of 4,139 samples has been completed to date with the remainder in progress. A summary is given in Table 1 of significant assay intersections received to date based on using an 8% total graphitic carbon (“TGC”) cut off, a minimum interval length of 2m and allowing up to 2m of internal waste.

These results indicate substantial additional zones of high grade mineralisation in both the Eastern and Western Zones.

Drilling has infilled and extended mineralisation on both deposits with the expectation that there will be a large increase in Indicated and Measured resources in both deposits once they are modelled. The Company expects to have the above results fed into the expansion study in the next quarter."

Obviously, I'm extremely pleased with the detail and thoroughness of the RPF. The recent Investor Presentation was the best I have seen from our company yet. However, we cannot rest on these recent achievements and announcements alone, we must continue to kick goals and show the market (customers, partners and investors) that we are the real deal.

Expand

Willma, I think they have said they will be putting the results straight into the updated BFS.

This means we'll see the results being displayed as Ore Reserve as opposed to JORC resource inferred/indicated/measured.

Could be some interesting mine life and assay information that comes to light.

KNL Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

What's causing the cost-of-living crisis, and how to navigate it

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint