Its been going on for some time now...
Public hearing finishes Friday 13th Dec 24 started July 24
And they have 40 days to report from the 13th....
Did notice though that the mine extension is to be within the existing mining licence boundary only which makes sense and is logical but I suppose if they followed veining at depth through to the boundary at some point in time they would know and want what's next door.
S2R has been relatively quiet this quarter preserving cash burn and they will have to pick their next target for drilling selectively with the best chance of success to get share price up and avoid massive dilution for the next raise...
Glenlogan may be drilled again Jan 25 as they have access agreements in place there also 1 deep hole around $500-$600k with big upside potential if they hit a sweet spot. Any hint of success would send the share price up
and everything else would fall into place especially if raising in the 0.20c - 0.30c range more than enough could be raised without big dilution for the vast exploration portfolio they now have.... GL
Timeline
Exhibition opened
22 July 2024
Exhibition closed
30 August 2024
Directions hearing
18 September 2024
Public hearing
28 October to 13 December 2024
Report
December 2024
The Sustained Operations Project will allow for the continuation of existing gold mining operations at Fosterville Gold Mine for at least the next 10 years.
https://www.planningpanels.vic.gov....old-mine-sustained-operations-project-inquiryWould be so nice to get a bounce of substance and get out of this constant day in day out downtrend that seems never ending - hard to believe we are sitting at record lows...
Its been a year to forget unless some miracle occurs in the next few weeks..GL
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