it'll be more than 50km drilled in 2024. Not sure why CE is under-estimating. He should clarify that they have planned a 50km drill program but will drill more than this.
Why is it more? Because there's 40m aud remaining from FTF that must be spent on exploration within 12 months of the FTF raise.
5 rigs = 10km /month = 3m /month spend
WR1 can drill 10km before EOY and another 100km in 2024 and still have 7m left for field work and non-drill exploration costs.
Personally I would like to see them increase the number of rigs, which CE has said they will have the capacity to do once the camp upgrade is complete in December.
Ann: Globally significant MRE of 59MT at Adina Lithium Project, page-238
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