WMG 2.04% 24.0¢ western mines group ltd

Ann: June 2023 Quarterly Activities Report & Cash Flow Report, page-142

  1. 528 Posts.
    lightbulb Created with Sketch. 246
    Can anyone draw conclusions from this statement on page 4 of the announcement, highlighted in BOLD:

    "Drilling of hole MTD027 (planned hole MTP026) on the eastern margin of the Mulga Tank Complex is still in progress and is currently at a depth of around 1,150m.

    The hole was designed to test a coincident gravity and magnetic high, and minor MLEM anomaly, as well as for the presence of nickel sulphide mineralisation in an area of the Complex that has had no previous drilling. The hole was anticipated to intersect the footwall of the intrusion at around 750m, based on the Company’s lopolith shaped geological model of the main body, but the drilling so far appears to show the eastern margin of the Complex is much steeper dipping than the western margin."

    After 1,150m of drilling, they still didn't hit the main body?
 
watchlist Created with Sketch. Add WMG (ASX) to my watchlist
(20min delay)
Last
24.0¢
Change
-0.005(2.04%)
Mkt cap ! $19.41M
Open High Low Value Volume
24.5¢ 24.5¢ 24.0¢ $10.06K 41.67K

Buyers (Bids)

No. Vol. Price($)
2 21889 24.0¢
 

Sellers (Offers)

Price($) Vol. No.
26.0¢ 599 1
View Market Depth
Last trade - 10.44am 30/07/2024 (20 minute delay) ?
WMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.