A good qtrly report. Very reasonable spending ($135k in admin/staff cost vs $648k in exploration) and still had $4.47m in the bank at the end of June 2024. Now everything is about the drilling bits and the assay results: "......The first phase of the drilling program was planned for around 4,500m of RC drilling to test the shallow plunging, thick and high-grade gold and copper zone extending west and east of Bluebird, as well as targeting projected extensions at depth (Figure 1). The Company successfully completed the original planned program as well as drilling a further 1,753m during the quarter. This first program of the 2024 exploration season comprised 22 Reverse Circulation (RC) drillholes for a total of 6,253m. Drilling included the first of new step out drilling towards the prospective Perseverance targets located 1.5km to the west of Bluebird. (Image 1) Samples from the drilling program have been submitted to Perth Laboratories and assay results will be collated and reported to the market upon receipt...... "
It's great to know that they've actually drilled 22 RC holes (6,253m) instead of the initially planned 4500m of 18 RC holes in the First Phase drilling campaign! Looking forward to the assay results.
TMS Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
