ERW 7.94% 6.8¢ errawarra resources ltd

Ann: Response to ASX Price and Volume Query, page-6

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    https://hotcopper.com.au/data/attachments/2969/2969034-71eb7764f231c3bd22097394589fc628.jpg

    Anyway personalities aside, sometimes it helps to take the time to read announcements carefully.

    https://hotcopper.com.au/data/attachments/2969/2969056-35ac31aa1949f71613c34a4549a07bd0.jpg
    We're talking about phase 1 of 4, with each phase targeting different priority areas. Phase 2 is underway and results due soon, followed by phase 3 and 4. Per below:

    https://hotcopper.com.au/data/attachments/2969/2969087-8149dc69df1eeb6f7b4f966456ca3f46.jpg
    Considering that ERW is involved with the same exploration team (Newexco) that discovered:

    - Golden Swan (Poseidon Nickel)
    - Thursday’s Gossan (Stavely Minerals)
    - Savannah North (Panoramic Resources)
    - Abi Rose (Poseidon Nickel)
    - Monty (Sandfire Resources)
    - Mallee Bull (Peel Mining)
    - Nova (Sirius Resources)
    - Spotted Quoll and Flying Fox (Western Areas)

    I wouldn't write them off after only phase 1 of 4 EM surveys, which comprises only a small portion of overall priority areas in E63/1941-E63/1771. That seems rather premature.
 
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