Geez mate, give them a chance, they've only just discovered it.
JORC drilling requirements are quite interpretive. Reference to the JORC code is bandied about too much without any real knowledge of what the requirements are. It makes no reference to specific drill spacings in order to be able to quote a JORC compliant resource. Manganese deposits aren't complex and therefore require minimal drilling in order to demonstrate continuity and thus, JORC compliance.
The facts are simple, there is nothing like Woodie in the world, there hasn't been any Woodie style discoveries outside the corridor owned by Cons Mins to date. The presence of mineralisation in the Carawine dolomite is the first indication of woodie style mineralisation outside of the corridor to date. If any drilling (even preliminary drilling on a wide spacing) gets multiple hits >10m then they will have an economically mineable deposit if the intersections occur less than 30m deep. That deposit will be worth a lot of money. 50km from the woodie plant means milling and logistics issues will not be a problem and I dare say Palmary with snap the resource up for good money.
TLM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
