Ann: Maiden drilling program commences at Tambourah Lithium, page-104

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onlystock

729 Posts.

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16/07/23

12:32

Post #: 68809533
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Originally posted by dollarsforfun: ↑

Hi @onlystock,

It's good to see someone else looking at satellite images. Could you please post your images and let us know what satellite you're using so I can see what you're looking at? Sentinel 2's resolution isn't too flash, but sometimes it can pick up disturbances that other services don't.

Myself, as would be most other posters on this thread, are aware of drilling practices, including drill pads and associate civil works that may be required. It's usual for drilling to commence on the first drill pad fairly soon after it's prepared, particularly on a short campaign like this. This is done to maximise use of equipment / maximise efficiency. So the starting dates should be in the right ball park.

If you're going to quote completion dates, it's probably best to quote the range I provided, not a single date to try to make a point. Further to that, this exercise is about best estimates and interpretation. The question we're all wanting to know the answer to is, has the drilling program being progressing as planned, or has there been a delay? Did the crew mobilise on the the 26th June, or had there been work done prior? Can we expect results by the end of July / sometime in August? It's also nice to see some near real time pics showing action on the ground.

Unless there's some solid evidence to the contrary, at this stage the answer appears to be yes, we should see some results around the end of July. Drilling almost certainly commenced prior to the announcement around the middle of June, and should have progressed at about 1 hole per day, having us finish around W1, or at the latest, W2 of July.

GLTAH.

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See the animated gif below for period (10th July to 15 July), you will know they are still working on drilling on planned holes.

On figure 2, we can see they have 13 planned holes. And also they mentioned they will drill 19 holes which mean they have 6 on-demand holes. They are nearly close to complete the 13 planned holes, but there are a few holes to test more.

Once they complete drilling, we will see a drilling update annoucement first instead of assay lab result.

TKM Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
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