The deposit could be as big and of a better grade of copper than the nearby Xstrata-owned Ernest Henry mine.
"I am about as certain as you can possibly be, and all the indications are that it's getting bigger," Mr McCrae said.
"It's early days but it's looking good. We're going to now increase the drilling program from 10,000 metres to 60,000 metres. We expect to drill here for the next 18 months."
Mr McCrae said the aim of the drilling was to prove up the resource before AMI attracted the interests of a major mining company.
"If we can drill as fast as we can, get the resource as big as we can as fast as we can, then obviously it is going to reflect in the share price and on the positive for shareholders."
Mr McCrae yesterday joined fellow directors Tim Koitka and Peter Hutchison in showing shareholders around the deposit site, a short drive west of Cloncurry.
Gold Coast investor Royce Enders said that after touring the site he no longer had any doubts about the size or quality of the deposit.
"Now that Wayne has explained what happened we are a lot more confident than when we first found out trading had been halted," he said. "I have been on board for three years, so we have been following what was happening. The alarm bells didn't ring but we just didn't know why it happened."
http://www.theaustralian.news.com.au/story/0,20867,19771286-643,00.html
Looks like URL interest will comeback no?
The deposit could be as big and of a better grade of copper than...
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