SPR 2.72% 94.5¢ spartan resources limited

Ann: Surface drilling continues to unlock high grade potential, page-17

  1. 5,182 Posts.
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    It seems from the statement you highlighted in yellow they will start the UG drilling before the decline is finished which is great and they are going to dig it out from both ends - ie drilling will start at both south and north areas of the decline.

    The 60,000m drilling program is all underground and it’s just the initial scope! So will be lots more drilling. Then add in the surface drilling looking at probably in excess of 100k of drilling over next 12-18 months excluding current AC drilling.

    I also noticed the drilling north of NN is based on a geophysical target (see detailed results).

    The AC drill hole assays will I assume be focused on the geophysical/magnetic survey results. These results I also assume will be used to direct where the RC drills will be drilling holes - ie the most favourable locations. Not expecting much from the AC drilling other than where they will focus future drilling.
 
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