As much as I share your enthusiasm, that’s incorrect. They indeed need to drill further and analyse past samples. This has been stated in the announcement that potential partners want further proof on ore quality across the razorback strike.
The announcement is hopefully ‘imminent’ not pending as there is currently no financially struck deal as we know.
Funding will be used for drilling, not the mining lease. The lease will be submitted once the improved tailings flow sheet is completed as suggested. The lease most likely won’t be submitted until some capital is available to continue operations.
Ann: Quarterly Activities Report, page-68
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