Andrew approved the belowDrilling at Nhacutsehas identified infill and expansion drilling that needs to be funded as apriority. The company would want to prove up its stated goal of 100mt+ at bestgrade resource and we are now comfortable of that potential withinKoko/Nhacuste/Poiombo. We will now drill this expanded program while startingexploration at Marao.
Given ourexpectation of Auger drilling at Marao, which is due to start soon, the companywants to be in a position to commit to an aircore program as soon as Augerdrilling identifies targets.
Plenty of news flowto come. A cap raise now will fund the above and MRE works through to Q2 2022.
Add to that thesignificant rise in Ilmenite concentrate pricing, a well funded junior in theHMS space with tail winds for the first time in many years and an activeprogram of exploration and development …………….could be good for shareholderswith 2021 being a potential re-rate year.
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