"A deep diamond hole was drilled under Las Minerale, targeting interpreted extensions to high-grade mineralisation at depth and intersected grades and widths suitable for underground mining at Rocklands. Deep drilling was temporarily suspended due to the termination of a follow-up hole prior to reaching target due to the inability of the drill rig to drill below 800m. The hole will be re-entered, and further deep holes drilled, once a suitable rig is available."
"Recent exploration success has highlighted that the Fairfield Project contains a zone of mineralisation of sufficient grade, to warrant inclusion in the Rocklands Resource Inventory. Current plans are to add Fairfield to the Rocklands Resource Inventory as High-grade Supplementary Feed to Rocklands."
"Due to commitments in other areas of Rocklands, and the large scale nature of the south-west anomalies, a decision was made to postpone advanced exploration in this area until such time as a comprehensive programme could commence, without the need to take drill-rigs away from resource and geotechnical based drilling activities, important for development of Rocklands."
CDU Price at posting:
$4.59 Sentiment: LT Buy Disclosure: Held