USL is drilling 50,000m and 35,000m of prior drilling not yet in MRE - so 85,000m drilling to come into MRE by Q3 2025 which is already 160m Oz AgEq - they will increase the MRE above 200m Oz AgEq possibly up to 250m Oz AgEq. As the CEO has explained the average industry result from drilling is 1.2 Oz Ag added per metre of drilling - if they achieve that, the MRE will be a bit over 260m Oz AgEq - that would be a serious increase in MRE of close to 65%. Not suggesting they will achieve that much of an increase in MRE but what if they did? What would happen to the SP?
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27.0¢ |
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Mkt cap ! $118.2M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| USL (ASX) Chart |