RDM 6.90% 15.5¢ red metal limited

Ann: Drilling Underway on Forrest Target, page-5

  1. 2,992 Posts.
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    Looks as though two Nullarbor targets were drilled in late 2019 to early 2020 by Oz Minerals under the Alliance. Targets T8 & T13 did not find Olympic Dam prospective geology so Oz Minerals dropped Nullarbor from the Alliance. The Forrest target appears to be target T4 on the below 2020 image. Looking at the pre 2019 updates on Nullarbor, RDM identified 32 prospects which I assume some are depicted by the red outlines on the below image. Obviously, T4 (Forrest) was one of the original 4 targets identified for drilling but was not drilled due to Oz Minerals dropping Nullarbor from the Alliance. Target T4 appears to be prioritised ahead of target T1.

    The second set of images are the 2024 prospect images from the current ASX release that seems to show historical drill sites. I'm not sure who drilled these or when and can't be sure that they are identifiable unless they are the red dots on the r/h image which shows 8 dots. These bottom images have a smaller scale so the targets T1, T8 & T13 are not depicted in the image because looking at the top image scale, they would appear to be at least 150KM from the Forrest (Target T4) target.

    https://hotcopper.com.au/data/attachments/5991/5991997-e66409281453dd9ebf94d181dc82d541.jpg

    RDM 2024 prospect diagram.

    https://hotcopper.com.au/data/attachments/5992/5992025-f2f1e52bf82a09d804584de5f83cdfff.jpg


    Last edited by PhillW: 27/02/24
 
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