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Ann: Noombenberry Halloysite-Kaolin Project Update, page-25

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Robbo3333

2,727 Posts.

283

12/11/21

10:42

Post #: 57521728
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Originally posted by dawgfather: ↑

A couple of thoughts.

Investors should remember there are two key areas of drilling which have been outstanding:

- In fill (NBAC350-NBAC556) i.e 206 drill holes; and
- Extension (NBAC198-NBAC349) i.e. 151 drill holes

So a total of 357 drill hole samples were taken back in June and July.

Today's ANN provides results for only 14 drill holes. These 14 holes are located in the existing areas of the JORC which were known to have high brightness and halloysite levels.

While the results from these 14 holes are really strong, the biggest question out of this ANN is this. 357 holes were drilled and submitted to the lab in July or August. How are we in November with only 14 of 357 lab results known? What has the lab been doing with the samples for the last 3 months?

Finally, the lack of a response from the market this morning is likely a reflection of the "WTF" at the fact this ANN only had 14 results in it.

The market was expecting the results from all 357 drill samples.

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Lots more samples to come through. Could just be that the labs are so overwhelmed with samples that they can’t keep?

LRS Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
5 Upvote

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