I happened to float by NAG (not held) the other day, and noted a...

I happened to float by NAG (not held) the other day, and noted a bit of trivia from their JORC MRE.

A$1.77M got them 12,745m across 40 DD holes at approx. ~320m per hole (A$139- per metre) which is relatively low cost.

Looks like Caligula will get $360K (including the funding) and will probably be aircore @A25-/m ish equating to ~ 14,400m.

Ballpark estimate of the deposit depth range is b/w 400-1000m.

And for about 10 -14 holes factoring in other extraneous costs.

Assuming the drill program goes deep to 1Km, that will be the deepest IPT have sunk holes in my living memory. Happy to be corrected. Very happy to have other evaluations gauged across these numbers.

And I'm curious to see if the MMT can deliver the goods..
Any Geo with some first-hand experience using MMT / insights into usage and outcomes?
Not particularly looking your way @Metal1512, but if you happen to be in the neighbourhood ...

cheers,
Ice