Surus wasn't the best target as it was an unknown area!
The gravity surveys showed there was something there and the company took a chance and drilled one hole to see what's there!! It was 50% EIS funded, so we didn't lose much cash. We still could get a surprise when the assays come back.
WA1 thought they intersected IOCG material and it ended up being Niobium.
Target 2 and 3 are more promising, as they had some initial success from last years drilling, hence why they are doing some more RC holes to see what is there.
Target 2 showed Nickel and Target 3 showed Rareearths, from the previous drill holes.
Plus we have Targets 4, 5 and 6 to drill.
There is a long way to go.
CGR has ~$8.0M cash - MC $19m
RCR has ~$6.5m cash - MC $27m
LYN has ~$4.5m cash - MC $14m
Ann: Webb Project Drilling Update, page-160
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