All great numbers to add into the new MRE, depending on the...

All great numbers to add into the new MRE, depending on the cut-off date there may still be some more results to come. The previous MRE had a cut-off date for assay results of 24th August 2022 and the MRE was announced to ASX on 6th October 2022, a bit over a month and a half later.

Since the 24th of August 2022 there have been:

• 8 underground holes with assays reported (maybe a couple more to come before cut-off)
• 49 surface holes with assays reported (I am unsure if any surface drilling is currently underway, so this may be it for the MRE update)
• 48 channels comprising 437 samples with assays reported across the 6400 & 6500 levels
• probably others I haven't accounted for because I am in a dark room on the other side of the planet

That's a solid set to add to the data and many of the samples reported high-grade intercepts in Inferred areas, likely to turn into Indicated. Measured will expand a bit, but not as much as the Indicated. The Oct 22 MRE added 14% (95 holes) more holes to the previous resource resulting in a 12% upgrade to Measured and Indicated categories.

This update will add approximately 10% (57 more holes), plus the channel sampling, plus whatever else comes through in the next few weeks. August is a couple of weeks off, and presuming the MRE update will be around the same time as the last (October).

Will we see a similar upgrade in Measured and Indicated?

My guess is a lot more Inferred will be turned into Indicated this time around as there has been more expansion drilling.

This will be a very good Christmas if so!