Ann: Annual Report to shareholders - 30 June 2023, page-8

This point strikes me about mid.

From 2 holes currently, we get about 1-2 dimensions of understanding - that it might possibly trend toward and away from South, and that it may have a thickness similar to the coloured intersections (and more speculatively, looking at any intersections in South that it could possibly connect to). But the thickness in the height direction? Who knows. And orientation and changing thickness? Who knows.

Once these 2 valley pads are done, we're doing to have the 2 'horizontal' holes, plus around 14 'vertical' holes. Most of our data will be more vertical then, but it'll be a whole lot more than before, and should be closer to 3 dimensions of clarity.

Also, this will check quite a large area of possible 'Mid Shallows', which would be valuable for the enormous pit, if something was found. The 2 pads are almost 'above' the existing intersections.

We'll have a totally different picture of Mid.

It may end up needing more drilling again to clear up new questions, but that would be good, meaning we've got something proven to work with.


This 'from below' view shows that the drills surround the previous intersections, to max out the odds of finding the trend (with a skew in the direction of South).


Side view shows (red) the 'too deep' intersections, (orange) shows the smaller, moderate depth intersections, and (green) shows how they'll be testing the shallows somewhat above them (far above the small intersections, and a little above the larger intersections).


The new holes are not going particularly deep (looking shorter than the initial 2 holes from Main pad into Mid zone), but I guess there's little point if the pit cannot feasibly reach that depth (unless hoping to locate deeper ore trending diagonally upwards). I guess going shorter means more holes can be completed in the same time.





Also, Mid got just as much effort as Super zone. 2 pads each, and a lot of holes into Mid.

Main pad got 4 new holes - 1 into wide banded zone, 1 into the gap which has since found VG, and 2 to expand the measured on the left side of Super zone. Uphill from main pad got lots of effort - around 12 holes, probably to increase Measured especially on the under-drilled right side (uphill, which the main pad can't get to).


Why do much effort into Mid?

I don't know if it's because they hope for great grades, or just knowing that the huge pit would benefit from shallower ore, or that it's not easy to find the connection of such a deep trend, so requiring lots of holes, or seeing more potential in Mid than South and wanting to fast-track it to catch up. It could be the most leveraged bet - finding a connection to South being more valuable than simply expanding South a bit, or upgrading the confidence of Super zone.