That's not quite correct, according to the May 17 quarterly report further drilling wasn't continued as a mining license for San Jorge hadn't been awarded, once it had further drilling would occur in conjunction with mining.
The report also stated that drilling was sufficient for an initial Jorc but this wasn't required for a mining license application.
No one on this thread will be able to answer where the San Jorge resource estimate is so best you ring the company and ask.
The PFs indicated a very low cost of mining compared to peers targeting a 1.5% nickel product.
The issue with Isabel and San Jorge isnt that it is uneconomic on the contrary it's the most prospective nickel project in the solomons, that's why inco and Kaiser did so much work on it. The problem was always getting the landholders on side.
Axiom have solved the hardest part now let's hope all parties can benefit.
AVQ Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
