Hi @moorpett,ADG are approaching their (2) month Brazil lab...

Hi @moorpett,

ADG are approaching their (2) month Brazil lab assessment timeframe so there's some possibility that Brazil rock-chip results might be announced sometime in the next couple of weeks (but don't hold your breath waiting for results).

In regard to Adelong, the MD mentioned in a recent presentation that ADG are planning for site drilling "later in the year". No firm drilling commitments appear to have been made at this stage : ADG prefer to keep their drilling ambitions rubbery (i.e. flexible).

As far as Cosmo goes, perhaps have a look at the SRR (Sarama Resources) forum for some additional info besides what ADG have released to the Market (refer below links)...

https://hotcopper.com.au/threads/ann-q2-2024-interim-financial-statements.8147619/?post_id=75207522
https://hotcopper.com.au/threads/ann-q2-2024-managements-discussion-and-analysis.8147628/?post_id=75207558

I noticed in SRR's June'24 quarterly statement that their cash balance at the end of Jun'24 was considerably less than ADG's cash balance for the same period. SRR also appear to have a significant existing debt ($1.2M) associated with accounts payable / accrued liabilities that is unrelated to the recent Cosmo binding agreement.

If things have proceeded according to plan with the SRR / Cosmo binding agreement, Cosmo Gold should receive a skinny $50k cash payment from Sarama Resources sometime this week.