Ann: Guchab Canyon Copper Mineralisation , page-48

Their last release was on 29 August, so it will be 3 weeks this coming Thursday. It may not be a flood of news but it is not a drought either, imo.

They seem to be using 1 drill to complete infill drilling in the High Valley to produce a JORC and 1 drill to explore the extension of the deposit below Pad 5. On 14 August they said that their new rig was drilling "deeper holes below the delineated mineralisation from Pads 1 & 5".

They seem to be targeting 350m of strike for the high valley. On 14 Aug they had "define over 130 metres of strike". So, about 1/3rd. I would guess that they may wait until they have defined 2/3rds before commenting again, rather than drip-feed information and might comment on how their 'Initial Exploration Target' is looking.

As to the other drilling, perhaps they are still formulating a drilling plan.

IVA seems to be going under the hammer because of the significant capex required by its deep mining projects. SBR's deposit (current exploration target) is all shallow. It will be interesting to see what IVA says in its target statement in 2 weeks' time about the capex issue. Deep mines also have high opex. SBR, in contrast, seems to have the potential to make money as soon as it starts shovelling.