Ann: Quarterly Activities Report, page-2

In regards to Wilchery Hill this stands out in the report.
'Highly encouraging results to date with many late-time conductors identified, potentially indicative of massive sulphide mineralisation 

Large conductors have been identified at the Zealous and Telephone Dam prospects'

I don't think the iron ore is going to be the key here, that barge has well and truly sailed.

If they can find something here with a fresh pair of eyes and enthusiasm in regards to base metals or gold it should be quite beneficial to TYX while they concentrate on Jumbuck.
AGS wouldn't have paid $2mill to TYX for 50% if they thought the base metals or gold story had no legs.

So far with their surveys they seem right that their is more to Wilchery than just iron ore, and from what I understand they really like their chances.