Ann: TG Metals Raises $10 Million in Placement, page-252

The 6th December image looks to be very similar to the 1st December image. This indicates phase 2 drilling is complete and may have been complete very late Nov or if drilling continued after then, it was DD tails that leave little to no image on Sentinel. I'd therefore assume the DD material extracted is somewhere between being processed, in the lab and having partial results received back.

As per below, you can still spot 12 of the 13 drill spots so they aren't drill rig images. The one hole that doesn't have a good location signature is the first drill hole 800m south of RC09. The second drill hole 800m south on the corner does have a signature. Not sure what's happening there. There could be a spot without a pegmatite. They may not have gone deep enough (or any extension is with DD). The text on the 17th November ASX release noted 6 holes for a total length of 1,372m. There was also a reference to going 300m down. If that hole wasn't the 300m one they may have stopped at 200m, moved onto other priorities and possibly come back with a DD tail (if other holes indicated a reason to come back). The intensity of the down-dip from RC09 drilling has reduced so that was probably either a rig or a bag collection point in the 1st December image.

My gut feeling is that David is taking a simple old-school approach. No news simply means no news. Simple. I suspect some of the recent weakness is reading more into it than exists and interpreting no news as the absence of good news. If everything is following the expected timeline, there should be something announced soon.


The locations as per 17 November.


RC09 is the square above where they started with RC drilling and then did a 24.3m DD extension (some of which will be non-pegmatite). About 200m west and down-dip from RC09 there was a bright signature on 1 Dec. This has returned to a more muted colour consistent with the brightness being either a reflection from an RC bag collection point or from an RC rig. Its back to the sort of white halo that is consistent with having hit a pegmatite during RC drilling.


The far northern DD has returned to normal. That's the difficulty with DD, if the Satellite passes when they are working you get a signature. Once they have moved on the sentinel image clarity at best shows the drill pad/working areas. The only reason the 2nd image below is important is the change back to "normal" from the earlier 1st December image. If it wasn't for the timing of the 1st December.