GT1 green technology metals limited

6.67%

2.8¢

Ann: Drilling to Commence at Root, page-4

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Haplo

17,229 Posts.

3864

08/08/22

18:58

Post #: 62993893
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Originally posted by WhatsTheTip ↑

I don't agree with the classification as "Price Sensitive: No". IMO this is a big bit of news. There's only a few companies out there with 3+ drill rigs planning this much drilling.

While expected, its great to see this announced for the Root area:

This is a big drilling campaign:

So it seems that GT1 has now secured a 3rd drilling rig because one is staying around Seymour and two will be operating around McCombe and Morrison:

If the drill holes average 150m (and many earlier one's may be shorter) 3,000m/mth this is 20 drill holes per month. The potential news flow from this is massive.

That's a lot of drilling &/or stripping locations that are planned.

The original prospectus plan was a small DD drill plan at Seymour. Well GT1 have massively exceeded that. There was a plan for extensive RC drilling that would be followed up by a focused DD plan. That's now changed and GT1 are going straight to 24,000 DD plan. This indicates that after reviewing what they have, and how what they have has matched drilling results at Seymour GT1 want drill core's and lots of them.

Expand

Of course, another reason for the accelerated and aggressive drilling at Root is that the output of Seymour has already been spoken for.

The share price is still being stunted in my view - I would if another strategic investor is coming on board soon. - but that's just me.

GT1 Price at posting: 72.0¢ Sentiment: Buy Disclosure: Held
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Ann: Drilling to Commence at Root, page-4

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Ann: Drilling to Commence at Root, page-4

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