Yeah, they are not finding what they expected from drilling underground at Dargues, the gold is lower grade and wider spaced, so the plan now is to bring in another rig to drill from the surface at the company's near mine extensional program sites, and hope they hit something nearby, it's a long shot, but worth putting a few more holes in the pin cushion (Quarter Update and Outlook, page 19). Kairos had a couple of good gold drill results though.
Dargues has been disappointing, someone didn't do enough due diligence on that purchase, so thank goodness for Federation and Great Cobar and the excellent Copper drilling results at those locations, and thank goodness for the high Copper price. Get in there and get it out while you can sell it at a premium, that's the policy.
Gw
AMI Price at posting:
43.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)