This is a suitably conservatively worded announcement. However, why it is an announcement confuses me. Why recite the same information again?
And why is the company seeking to increase its resource when in the past it said it didn't need to.
Now, I understand why they need to improve the certainty of the resource model (inferred resource is insufficient to make production estimates, as the company clearly knows as of yesterday) but it seems like they are out to prove a larger resource now too. Why the [walk]about-face in this strategy which only 6 months ago they say wasn't needed?
Ann: On Site Project Update-WKT.AX, page-2
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