"Minimal field work was undertaken on the Company’s Mid-West exploration tenements with activity focused on data reviews to assist planning for future work and new project generation."
From the above statement it would seem that the exploration results are sufficiently good to be now looking at a new project.
Exploration drilling had been going on for the past several years near Mullewa.
As I have previously mentioned such a project may well be a collaboration with FEX, and may well be a basis for John Welbourne's intention to increase New Haul from 70 to 200 road trains which can transport ore cheaper than our previously used rail from Mullewa to Geraldton.
MGX Price at posting:
31.3¢ Sentiment: Buy Disclosure: Held
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