Wonderful news that drilling has commenced with visual...

Wonderful news that drilling has commenced with visual confirmation. Another short sharp announcement from ARE that things are moving along as per previous guidance from ARE.

Key timelines show that the drilling will be completed before the Directions Hearing;



Key timelines show that the drilling will be completed before the Directions Hearing. Photo shows drilling from at least the 21st of March, this in fact could have started earlier than the 21st of March. However, to be conservative, we will assume that even if drilling started on the 22nd of March, the following are key dates;

- Drilling starts 22nd of March 2021, 28 days as per announcement for drilling to be complete
- Drilling complete on the 19th of April 2021
- Proposed directions hearing 23rd of April 2021

Keep in mind that the Directions Hearing will not take place before the 23rd of April, and in fact, it may not take place at all. All parties could come to an agreement prior to the 23rd of April. The Directions Hearing could also be postponed further if all parties are not yet ready to have the hearing.

The good news is we will have seen what the IOCG looks like from the upcoming announcement which will be made around the 15th or 16th of April (if not earlier).

Keep that drill bit turning, so close now to see what's down there. Bring on the Lake Torrens 'Super Pit'.