Unless they hit something significant at Driell, Murga, Konigin...

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Antipater_100

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11/04/24

09:11

Post #: 73289163
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Originally posted by calmbeforestorm: ↑

At about 15 mins Ian talks about regional targets and states there are numerous targets which they have now rated and makes the following comment
“We have just completed a gravity survey just late last year its being interpreted now and there’s going to be some really interesting things come out of that and we are just not in a position to release it just yet but it certainly shows up how significant that 20 kilometre long northeast trending zone going from Boda/Kaiser down in the southeast right up the thing we call Murga and Finns crossing into the northwest.”

I am eager to see the results of that survey and what ALK have to say about the results.
I noted Kerry Stevenson asked a question – she is very much into gold and runs a gold conference in August in Sydney. I loved this statement (I shortened his comments) in response to Kerry.
In the past 6 months putting out speculator gold copperdrill results almost meant no market reaction whatsoever total total ignore. Hethinks maybe that’s changing. We will put out more Kaiser results and then an updated resource and then people will start to realise what a big systemBoda/Kaiser is. Followed by the SS or PEA in another month. We will demonstratewhat the project is worth.
He then added they are looking at a huge scale operation which means huge capital cost. We can see ways where we can scale down, start with an Kaiser open cut as a smaller operation and then scale it up over time as it becomes successful, build the plant so it can be expanded – all this will come out according to Ian in another month to a month and a half.

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Unless they hit something significant at Driell, Murga, Konigin or Boda2/3 they will not drill much until they complete the Scoping Study. This is purely regarding NMPP. This was the message I was given about a week ago.
They did say unless they hit something significant but my assumptions are if they do then their hand will be forced to drill few follow up holes. But they don't plan any future campaigns until they see what the scoping study shows.
My take on this is they are fairly advanced on the JV front and the scoping study is the last piece of the puzzle.

But I was told they do plan to keep exploring other targets outside NMPP for the time being.

We all missed page 15 on this announcement. It clearly shows what they are looking at 5Mt, 10Mt and then 20Mt. IC pointed out to me yesterday evening as asked them what those stages would look like. I thought 5Mt, 10Mt and then 15Mt which is close to the mark.

all my own interpretations...

ALK Price at posting: 66.0¢ Sentiment: None Disclosure: Held
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