This is the real con in this announcement, black shales have been a false-positive project killer of many EM targets. If the EM targets identified are primarily caused by black shales then this would be a major concern in their exploration thesis.
"Nothing down the hole definitively explained the EM anomaly at the modelled depth but was mostly likely the sulphidic black shale unit at the base."
Ann: Two Zones of Visible Nickel Sulphides in Hole MTD012, page-7
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