While the delay may disappoint some it was pretty well anticipated. The new JORC code requires a measured and indicated portion of the resource established. This is a good thing as it creates some certainty, removes risk and increases the value of the resource before moving to an IPO. Who knows, we may even end up keeping it ourselves? Great preliminary results - "The results of the program are preliminary and have not been subject to optimisation." Further good news to come.
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