Quarterly reports are usually backwards looking, that said the Quarter looks to have been huge. But forward looking comments are sometimes included. From my read I see:
There are also assays pending for 6 diamond drillholes MLJDD061, 67-69, 71 and 72 totalling 2365m. Diamond drillholes MLJDD064 (675m), MLJDD070 (375m) and MLJDD073(740m) are planned totalling 1790m.
These nine diamond holes are surrounding and looking to extend the very promising central core zone even further (Table 2).
Diamond drillholes MLJDD064 (675m), 70(375m) and 73(740m) are planned totalling 1790m (Table 6).
As a result of these promising results and extensions in the northern zone a feasibility study is being completed and will include both open cut and underground resources for the first time.Concurrently, the Blue Cap feasibility studies have commenced, which provides the company with the ability to fast-track work mining approvals.
Continuing with global investment bank Jefferies, who are helping ongoing review opportunities to maximise shareholder value.
”Managing Director George Sakalidis commented “The results of this new metallurgical test work are very encouraging with average gold recovery across all oxidation states in excess of 91%, which demonstrate once again that the LJN4 gold deposit is an excellent resource ready for development. These results are some of the final components forming the Feasibility Study, which we hope to release in the March Quarter 2025”.
MAU Price at posting:
$1.16 Sentiment: Buy Disclosure: Held
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