Obviously to get the beginnings of a coherent deposit with the recent phase of drilling would have been good. However, I didn't register apparent disappointment from WR with the results. This reaction may be consistent with the strong project generation style that exists at ENR and the positive spin they are able to put on what may be seen by some as poor results.
The strength of the system, especially for copper, combined with the logistically required wide spaced drilling does leave latitude for high grade feeder/breccia pipes to be tested for over a fairly large area at Lamil. This diagram summarises my understanding of what was said at the meeting.
200m line spacing
domal structure open in all directions with hints of mineralisation widespread. Not a coherent mineable deposit.
Deepish.
The exploration model is Telfer based. I don't know the details but it took probably a decade to latch onto the I30 style of mineralisation and perhaps even longer for the VSC. There are other systems at Telfer as well. AZY used to reference Oakover style veins as a model for some veins at Minyari.
The above is a rose coloured exploration view that rarely comes to fruition. However, if you don't try...
A bit like taking a long view on ENR shares the way its SP has behaved in the last few months and continuing to hold because the overall package is more than Lamil..
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(20min delay)