Ann: Estelle Strategic Review Outcomes, page-32

Funny screenshot.

Potential for a starter mine at Stibium? Without a single hole drilled? Though could make sense to push this agenda if pushing for grants. Unless there was truly some high confidence things there, like a huge visible vein. But can Antimony realistically be a quicker path? ("earlier cashflows") Would antimony not need PFS at least, meaning measured/indicated? Maybe debt funding needs >PFS, but possibly government grants can go with less.

Though a 'grant' could be considered 'earlier cashflows'. Getting some money in advance of construction, not after production ramp-up like gold.


PFS - demands measured/indicated. North Uphill might be easy pickings for that - being open and consistent intersections, but only having enough density for inferred & indicated yet. Valley even more so (needing upgrading), likely being inferred.


Surprise for me - mention of Stoney but not Shoeshine. I thought Shoeshine would have priority, with greater leverage on an RPM area PFS.


Stibium takes a front seat (first in the targets list). Highest potential target? I'm not so sure. But most valuable in the short term? Maybe, if it can lead to grants.