AGC 0.00% 22.0¢ australian gold and copper ltd

Ann: Quarterly Cashflow Report - September 2022, page-4

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  1. 8,272 Posts.
    lightbulb Created with Sketch. 1589
    agree but as someone else observed they will need to start drilling deeper now. great to see them being frugal on the admin side though.

    Now they will need to get to more serious drilling and test Gandagai and Moorefield. They proved the perspectivity of both and any more scratching the surface will be wasteful.
    Good bit is they don't need to drill too deep though.

    At Gandagai they will need to test at around 200m depth while at Moorfield they should target around 300m depth. On both cases they may get away with RC holes and occasional diamond tail.


 
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