WA8 1.64% 6.0¢ warriedar resources limited

Ann: Further Strong Extensional Diamond Drill Results, page-9

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  1. 11,997 Posts.
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    Undoubtedly Joel, it's impressive to have achieved so much with only a small amount of drilling and time.
    It's an interesting stock in the sense that, it's a late mover (not by choice), with the pick up of the asset, yet POG is flying and winners have already shown what is achievable with success at the drill bit. Though the exploration part of the sector is still.... really struggling to gain any interest, even now (though most are off the lows).

    600k+ does indeed seem a nice target, though grade is arguably more important. 1m ounces is obviously a nice target in the short term, though that should be reachable in the next 6 months or so. They key is.... either infill that really boosts one of the open pits, or... an underground discovery/extension that makes it worth the attention of all the mills nearby (or could potentially justify the old plant being restarted).

    I imagine the geo team are working like crazy to plan the next round of drilling based off these results.
 
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