All I could glean out of the quarterly and the preso that match the trading halt are as follows. They also said they were drilling ahead of schedule and under budget at the time of the quarterly.
A revision of the geological model for the PIOP’s Eagle deposit is currently underway and an update to the Mineral Resource Estimate is expected to follow in the September quarter. It is anticipated that there will be a high level of conversion of the current Inferred portion of the deposit to Indicated status. Outlook In the September 2014 quarter, the Company will complete its infill drilling program at the PIOP as well as the testing of a number of targets for new mineralisation outside the current resource. It will also progress the current metallurgical test program and approvals process for the proposed 25Mtpa project.
FMS Price at posting:
2.1¢ Sentiment: None Disclosure: Held
