Dr. Allen Alper: That sounds excellent. That's really an exciting time for Kincora Copper, to have this opportunity to explore such a large and prolific area.
Sam Spring: It is. And one thing that really got our attention here, Al, with Trundle, is that there have been 60 odd thousand meters of drilling done in the past, with over 92% of those holes being in the top 50 meters. And only 11 holes being drilled below 300 meters. When you look at Cadia and Northparkes and Boda's discovery, and Cowal, which is another significant project in this region, all those projects at the core of the systems are at those 300 meter-type depths. You may get a bit of smoke in the top 50 meters, like what we've seen at Trundle, but unless you're prepared to drill deeper, when you look at the main deposits in this belt, you're unlikely to have significant success.
Boda's recent discovery by Alkane has really highlighted that, and that's the approach that we're taking at Trundle. We are exploring in a way that is increasingly accepted in the industry, but has never been systematically done at Trundle, despite its location, brownfield setting and extensive near surface mineralization.
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Sam Spring: A key element is the track record of our Team’s Tier one success, which we are looking to repeat again.
With initial results from Trundle being positive, and an attractive valuation relative to others in our peer group that have had good results, exploring for attractive gold and copper grades in Australia.
It's not often you see the sort of grade that we've already announced in hole one, within a porphyry setting. There's that old saying, “Explore for grade and drill for tons.” And we're in a good position to do exactly that and we think we will emerge as the leading pure play porphyry explorer in Australia’s foremost porphyry belt, which is also importantly gold rich, with further strategic appeal coming from the brownfield setting of Trundle to Northparkes.
