Well, this announcement came in even better than I had hoped. A...

Well, this announcement came in even better than I had hoped.

A great intercept below the existing ore envelope.

This will lead to a substantial increase in the resource and reserve with additional follow-up drilling.

It will also help the average gold grade of the project and thus significantly boost the economics.

All of this is in the first phase of the Ibaera drilling campaign.

We have probably seen the top for the day and traders are offloading as are stale bulls.

This is all a normal response to this kind of announcement.

The short termers will flee and the true believers will hunker down and brace for ore good news over the next six months.

It should not cost much to boost the resource/reserves to a level when a project commitment can proceed.

However both Ibaera and Azumah will wnat to increase the tonnes and grade so as to make it a large scale opportunity for themselves or perhaps for a larger company looking for their next project.

Resolute have got their foot on Oklo and I would be surprised if another African focused producer does not try and get a cheap option on AZM before the value increases too much more!

After a long wait, patience is rewarded!

Happy days - well done Steve and team.

GLTA