I'm not sure that much can be read into this announcement currently. They modelled basement between 600 and 800m. They are currently at 655m and have not yet hit the basement.
The fun stuff happens after you hit the basement. Only then would you hope to discover the source of the anomaly (see attached examples)
Plus one correction - depths of greater than 500m can be economical at less than 10% metal. What they need is a 100m plus interval at 1% or greater. Attached BHP results from Oak Dam West show that depths greater than 1000m at less than 10% are more than fine - infact some of the best Cu drill intercepts globally in the last 10 years.
Watching with interest. Having OZL on board should hopefully ensure announcements are timely, accurate and don't contain any 'best possible result for shareholders' comment anomalies.
Good luck to all invested here.![]()
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I'm not sure that much can be read into this announcement...
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