“No doubt GCY is going to expand the drill program at Dalgaranga, however, it's damn hard to find new discoveries, just look at GOR.
They have spent over $100m in drilling (not including infill drilling) since their major discovery back in 2014 and have basically found nothing…..
Don’t discount the drilling that is being done by Firefly right now. There is also a couple of thousand metres being assayed and are due in the next couple of months also.
Firefly have lodged the mining lease for Melville.
P
Ann: Non-Binding Indicative Proposal from Rivet Group, page-37
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