Hopefully things start to ramp up now. key takeaways:
-simplified corporate structure, reduced management staff costs, and divested non-core assets
-Russell Gregory Exploration Manager (Appointed 2 August 2021)
-$10mil cash on hand
-continuing MIN royalty
-Actively assessing potential acquisition or farm-in opportunities
-a bunch of options will expire 31-Oct-21
Waiting assays on :
-9-hole/2,000m RC percussion drill program at the Noisy Ned Copper Prospect
-13-hole/2,424m RC percussion drill program at the Cumbine Gold Prospect
future activities:
-DHEM surveys at Lachlan (including Blind Calf ) Copper-Gold Prospect - WIP - covid delayed
-submitted drilling applications for a maiden RC drill program to test the Carpina North gold prospect
Tenement Ownership structure looks much better now too.
No debt either
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Ann: Annual Report to shareholders, page-2
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