DEG 0.82% $1.24 de grey mining limited

Ann: Response to ASX Price and Volume Query, page-65

  1. 97 Posts.
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    With the freely available 10m imagery it is difficult to tell, but by cycling through the historic images we can get an idea of what has happened over the last 5-6 weeks.

    The image below was taken on 6/4/21 and there doesn't appear to be any recent clearing/drilling. I've circled some areas that I think are historic drilling (pre-DEG) based on my higher quality imagery.

    https://hotcopper.com.au/data/attachments/3182/3182730-e6e645896ed6f49484e969b7ed0cde89.jpg

    The pass-over on 11/4/21 was obscured by cloud so our next window was on 16/4/21. This image shows some tracks running east-west from the line of dots I've drawn on the west to the track on the east across Calvert. Line spacing looks to be about 160m. If I had to guess this would be AC or at least tracks for an AC rig.

    https://hotcopper.com.au/data/attachments/3182/3182745-3973982b96ae7af495ffa82e02fb7dad.jpg

    Jump forward to the 21/4/21 and it looks like we've for the first couple of lines of RC cleared. At this point it likes the there are two, maybe three, lines of RC between the AC lines with holes spaced at around 160m.

    https://hotcopper.com.au/data/attachments/3182/3182750-c329e0994c78cc151103ca55e3cf44e7.jpg

    The next shot on the 26/4/21 doesn't look any different to the 21st so maybe they were still drilling the first lot of RC holes. On the 1/5/21 there's a lot more clearing in the northern area. I can count 5 lines of 160m spaced pads that I assume are RC.

    https://hotcopper.com.au/data/attachments/3182/3182758-82402b80f1a2daa02448fbdfbe6d696d.jpg

    Cloud cover again on 6/5/21 and then BluAmEye's image above showing the area peppered with drilling.

    Given that the first sign of new drilling in the area was on 16/4/21 it's not that surprising they haven't released anything yet.
 
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