RDM 4.55% 10.5¢ red metal limited

Hi KogaIn regards to Winu - once you apply for a tenement you...

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  1. 3,619 Posts.
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    Hi Koga
    In regards to Winu - once you apply for a tenement you then sit back and wait for the state's Mines Dept to grant it. There's nothing more you can do. Very frustrating. 6 months is more normal - not a year or more.
    The only advantage is that as time goes on the Winu deposit will be better understood and this can be factored in to the geophysical modelling that determines the location of RDM/OZ's drilling.
    Also bear in mind that once the application is granted then half a dozen other applications will have to be made to other state government authorities (and aboriginals and land owners) before any work on the ground can start.
    Drilling at Winu is therefore probably 8-12 months away.
    Last edited by bottle: 29/07/19
 
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