ADG 0.00% 0.4¢ adelong gold limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-30

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    Hi Fridayme, unfortunately nothing has happened on site with the plant upgrade. Possibly sometime in CY2024 according to the latest investor presentation from the DDD BoD (below), but it's all just a moving target at this stage. There's a lean $500k in the company coffers & might last a couple of months before the next CR which is looking like it'll probably be at $0.001 per share.

    As far as I'm aware the BoD haven't mentioned anything about the scope or commencement date for the next drilling program, however, they have given some indication on pg.4 in the Appendix 5B (item 8.8.1) of the June'22 quarterly report that...."the June quarter exploration expenditure included a major drilling program which will not recur in the following period where studies and reports are the company's focus" (which seems to suggest no drilling for a while). Next drilling program maybe sometime Feb - May CY2023 but that's just a guess.

    Still waiting on the Scoping Study to be finalised which might / might not happen in the next month or two. See what happens.

    https://hotcopper.com.au/data/attachments/4562/4562109-5cc1ab7fccc3ee2d727ab70dbc421114.jpg

    That's pretty much where things are at with DDD.
    Last edited by GravityWaves: 04/08/22
 
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