Ann: Pilbara Projects Drilling Confirms Gold & Lithium Potential, page-79

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macnizel

461 Posts.

118

05/07/22

20:36

Post #: 62387521
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Originally posted by trevorm28: ↑

I have not seen any comment about our neighbour's (GSM) anouncement today regarding their problems in starting to drill their target 2 in the Yule South (joining the East of Brahman)

Target 2 Li-Au RC drilling programGSM is continuing its pursuit of a drill contractor for a focussed lithium and gold reverse circulation
(“RC”) program at Target 2 on its Yule South project (refer to ASX announcement dated 15 March
2022). All statutory approvals are in place which will ensure a rapid deployment when a suitable rig
becomes available. Recent unseasonal rains have delayed regional programs in the area, thus
limiting the availability of drill contractors working locally in an already competitive market.2022 Air-core programA program of work application (“PoW-E”) for the next phase of AC drilling (refer to ASX
announcement dated 15 March 2022) has been submitted to the WA Department of Mines, Industry
Regulation and Safety and is currently being processed. Due to an unprecedented number of
submitted PoW-E applications, a significant delay may occur in the assessment process. An
associated heritage survey is scheduled to commence in July pending participant availability

May be management should grab the drillers while they are in the locality!

Expand

maybe they want to buy their own drill rig, then add a contractor for more work. They have most landholding so it would make sense.
If my mate can sell his 2006 Dual cab Hilux with 260k kms for $17,000. NAE should be able to sell a drill rig in a few years and it’s paid for itself.
am I wrong here? Or does someone want to elect me to the board and deliver you holders some value?

cap raise for our own rig? Can I place that in the empty suggestion box?

NAE Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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