Yes that information has to be read carefully. It is a bit...

Yes that information has to be read carefully. It is a bit convoluted and could lead to a misinterpretation. Lets have a look at it again :
" Drilling at Wattle Dam East is expected to be completed by late February 2021, following the completion ~800m of diamonddrilling at the recent discovery at the Company’s S5 gold prospect, which is proximal to the Wattle Dam East Nickel target."

So there are two distinct areas being talked about here obviously ...... Wattle Dam East and S5.
Now what is being said is that S5 is having about 800 metres of diamond drilling being done at the time of the announcement and probably is still taking place.
Then once the diamond drilling at S5 has concluded then the rig will move to Wattle Dam East and begin diamond drilling there to test a possible nickel target and that drilling should be finished by late February.

Now does that increase in activity in the sp today suggest that perhaps the drilling at S5 has concluded and that some details have leaked out or there is an expectation of an announcement imminent about the S5 drilling. Must be getting close.