I originally bought in here on the strength of the Tick Hill PFS and the exploration upside. This is why (page 11):
• One of the highest grade and most profitable gold orebodies ever mined in Australia, faulted off at only 235m below surface
• Tick Hill Produced 511,000 ozs gold @ 22.5 g/t gold from surface to only 235 m below surface
• Last hole drilled by Carnaby in Dec 2019 intersected a highly encouraging 10m wide Lodestone unit at Tick Hill North approximately 250m north of the offset
• Detailed follow up re -logging of core and 3D geological modelling has confirmed a compelling target at Tick Hill North.
• Drilling of the Tick Hill North extension target will re -commence in November
Ann: Investor Presentation - AGM, page-3
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