Thats becase they went AWOL in 2023 and basically took a year off navel-gazing. Pretty slack effort that they are only now applying for permits to do soil sampling in NW QLD, the dry season is well and truly underway, and they will struggle to get a drill rig with most other Cu explorers in the Mt Isa area already underway with either geophysics or drilling. If they do get a drill rig, hopefully, this time they will generate some targets and drill it out properly.
You could literally throw a dart at a map of NW QLD and you will find better exploration management than these guys, if your investment thesis is about higher copper prices in the future.
Ann: Plans to Develop the Big One Deposit at Mt Isa Copper Belt, page-11
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