It looks like the foot of the volcano tenure application has been dropped. Possibly due to geophysical data combined with drilling results and the discovery of the geothermal vent near dh2?
IMO It was a wise move at the time to move away from drilling south candelas and drill HMW tenements whilst applications were in as GLN were not the only company who submitted applications for those tenures!
Now the other tenures in the south (and now the east) have been awarded. JP can get on with proving Candelas is a huge, stand alone, high grade, low impurity resource with enough freshwater in the centre to run the project and not upset or affect local communities. I believe it was assumed that HMW had decent grade’s though no one was expecting the incredible quality and depth they discovered whilst awaiting candelas applications.
AIMO
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Ann: Galan Move to 100% Title of Candelas Project, page-45
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