Currently they have boffins working on the mineral resource upgrade. They are are doing this by studying the aero-magnetic surveys etc. You know- boffin stuff. They have to take stuff that blind Freddy can see and prove a case for what can be seen. The boffins are looking at seeing if the mineral resource can be upgraded and if it can be JORCed up without further drilling. I am not blind but before laser surgery, I used to wear coke-bottle glasses. The drilling program was over 4 kms of a 12km strike of the Greenbush Zone. This was about 50% of the Greenbush zone. We are expecting an announcement soon. I am going out on a limb and making a forecast. The resource will double in size, and treble if they also study the area across the valley to the west. I will also forecast that they do not have to drill to prove the upgraded volumes. The former will allow a greater escalated mine plan with greater output over a shorter time frame. The latter will mean that we can progress faster without the need of a drilling campaign in 2025 and saving up to $USD10M in our SOAP budget.
CLE Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
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