This was a very good announcemnt for AZR.
Not just the resouce upgrade, which comes from the Eastern and Mullet deposits....this has helped the price move obviously.....but
The most interesting part of the announcement i believe is what is still to come, 'Ongoing Operations', it reads that "additional drilling is planned in this quarter particularly at Acacia and Barramundi ore bodies. This is expected to lead to a further increase in total resource inventory for this project"..... the announcement continued....
Would expect that support will gather around the 13 mark as this was the level of resistance previously.
Next it would need to break its previous high of 17....
I still hold from 10.5cents and still see a reasonable upside opportunity.
AZR
aztec resources limited
