I don't profess to be an expert on TOE but this announcement looks fantastic.
Close spaced drilling at the Wiluna Project has delivered:
Continuous high grade mineralisation at greater than 1000ppm U3O8 identified in three of the four Wiluna deposits;
Mining operability of all deposits and confidence in the resource and geological model confirmed;
Combined with positive disequilibrium results, further resource evaluation to be undertaken.
It ran to 13c on the smell of an oily industry based update on the overseas Australian Uranium agreement so one would imagine this success is far more relevant to the company
Importantly the update seems to ;
- validate the resource and geological model (commercial confidence to go ahead further)
- confirms surface mining validity
- continuous mineralisation results provide a significant platform for further resource development work
Seems to tick all the right boxes
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- ASX - By Stock
- Ann: Close Spaced Drilling Results at Wiluna Exceed Expectations
I don't profess to be an expert on TOE but this announcement...
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