These are fantastic drill results. I think we can safely say...

These are fantastic drill results. I think we can safely say that Mt Carbine is NOT a low-grade deposit and will only get bigger as more drilling is undertaken and the resource assessment continues to assessed.

Some interesting language in the release.

- a significant size high grade mineralised system is emerging 150m to the west and is open at depth and width.
- a large structural jog system with multiple high grade King Veins
- Hole EQ031 highlight zones that reval the open pit high grade zones

This sounds like another deposit.

- Assays contained highest per m tungsten intersected outside the BFS. Hole 30 having 10 times the grade of the Open Pit.

This suggests they have found a lot more. Given the high grades it could be $200m to $400m of tungsten product.

- 3 to 5 metre widths assists the geology team with design and with the existing decline (tunnel) allows access to these zones for additional short hole drilling and potentially a trail mining campaign.

Look like a good opportunity to test the tunnel (that has already been dug, saving more capex.

- a reverse circulation drill rig on site in a few weeks, with continuous exploration drilling along the strike zones.

Looks like they have finally decided to increase the resource by a significant amount. A new zone called Beadles, haven't heard of this one before.

- company updating resource estimate in the coming weeks.

Looking forward to that one. It starting to suggest the geology work Tony's team has been doing is starting to show up in the drilling results.