Ann: December 2018 Quarterly Report, page-40

Okay so after reading the report my understanding is;
They have carried out a desktop review in Perth, running the ruler over the available data, alluding to the right ingredients for a discovery. This study probably already happened before the IPO. It's missing some key ingredients for me such as a lack of drillholes or intercepts quoted. Also, I'm still yet to find out the geological understanding of the area so i'm intrigued as to the context of the geophysical targets.

Before the drilling, I'm hoping the team visit the prospects in person.
Geological mapping would be good value. Ideal months for it right now, inexpensive and always good before drilling.
With six million in the bank it would be wise to constrain surficial information and try to stretch the budgeted drill metres further with nominal drilling.

Looking forward to the next update to see Woodman take things by the horns and get his hands dirty for the team.