Ann: Change of directors interest notice, page-13

I might be wrong but when companies go quiet just like CYL has in recent times it quite often means that they may or may not be in final negotiations with planning future contracts with several of their fantastic JV partners? They could perhaps be negotiating even bigger and better ways to be able to move ahead more quickly with drilling out of a Mineral Resource Estimate and also properly planning the future mining projects in the Bendigo region...

I have waited 5+ years for this day!

Just remember that Rome wasn't built in a day, but we are getting much closer to mining in Victoria!!

Here is a list of operations to commence from page 10 on the recent AGM Presentation;

•Focus at Four Eagles and Tandarra will shift from purely
exploration to building a Mineral Resource Estimate.
•Targeting a multi-mine underground operation from a
single portal entry
•Goal would be to have multiple sources each capable
of supporting a 100-200Ktpa operation
•Boyd’s Dam, Boyd's North, Hayanmi and Pickles being
the starting basis for a 500-600Ktpa operation
•High variability offset by having flexibility of multiple
ore sources

The company has now purchased the land at 4Eagles. Employed a new director and a CEO who is a mining specialist. To me it looks like a no brainier that CYL is headed towards mining in Victoria ASAP especially now that they are discussing drilling Boyds Dam horizontally!

From multiple previous announcements they have said that they are drilling up a maiden resource at 4Eagels and I wouldn't be suprised if we also now see some action very soon with Tandarra especially seeming NML now hopefully have some real cash flow coming in from Mt Carlton?!
Tandarra is shallower under the Murray basin Sediments than 4Eagles so cheaper and easier to drill out and then mine.

I am especially looking forward to hearing much more about SBM earning in at Drummartin and their drilling program commencement for 2022, and also about our other two JV projects with GEV at Boort and Macorna. All three of these projects could be huge and appear to be finding the goods even though it is relatively only early days which were delayed/slowed down due to the pandemic.

Then later in 2022 their will be more drilling at Golden Camel who are currently in the process of building a production facility!! Interesting timing in my opinion!!

And don't forget that KLA have started to buy shares in CYL and that they will be looking in other areas in the region to keep their profits running hard as Fosterville depletes!!
Personally I hope CYL management hold on and never sell out as their truly will be some VERY BIG profits that can be made from their fantastic discovery/s!!

Interesting times ahead!! Especially with the Henty Mine in Tasmania making large profits, expanding its current underground resource, and now drilling along the henty fault to expand new golden discoveries!!

CYL has under 100m shares, 75% held by the Top 20, and no more dilution due to its current profitable Tasmanian Gold Production!!

IMHO this year will be the BEST year that CYL has ever seen with tons and tons of drilling to come and hopefully they will pull plenty of rabbits out of hats to truly make the SP climb up to all mighty new highs and then a very profitable Victorian mining scenario!!


GLTAH+DYOR