Choppy waters today but it makes the risk/ reward better down here at 12 cents.
Numerous gossans with up to 10.5m at 1.50% Ni from surface• commencement of major exploration efforts at the Narndee Igneous Complex. This project will be a significant focus for the Company from now and into 2021.
During the quarter the Company successfully completed a capital raise of $1.189m, through the issue of 13,211,111 new shares at $0.09/share (ASX, Successful Completion of Share Placement, 15 July 2020). This leaves the Company well funded, with circa $2.65m in cash (as at 30 September 2020) for ongoing exploration
Completion of two AC drilling programs at Penny South and Unaly Hill South• Initial soil sampling on the Kiabye Greenstone Belt, over areas of reported goldnugget finds• Continuing work at Narndee Igneous Complex with VTEM Max airborne EMsurvey planned for current quarter
ARN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
