A40 0.00% 8.2¢ alita resources limited

Ann: Resource Drilling Recommences at Bald Hill Mine, page-48

  1. 694 Posts.
    lightbulb Created with Sketch. 682
    Xjquan read the details.

    it's a 7-month drilling program divided into 2 parts. Main objective of first part (3 months) is to increase the reserve "80% of the drilling for the first three months will be infill drilling" - therefore immediate needs is to increase the reserve and LOM for expansion, as our output are highly sought after.

    Then what do we do in the subsequently 4 months? Though not explicitly said, I believe second part is extensional drilling to other areas to increase the overall resource.

    60,000m is a massive drilling program and won't be just infill drilling.
    Last edited by luanboo: 20/03/19
 
watchlist Created with Sketch. Add A40 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.