The licence renewal was a given (IMO and, in earlier post) however, getting the resource upgrade might be a bit more difficult.
Infil drilling will only confirm what was estimated to be there before and will rely on taking the boundaries out wider on the ground to achieve any upgrade of quantity.
What "may" come out of it is an upgrade of quality which would still be of major importance for the project's future.
Interesting times if the company can sort out the position in respect of the major shareholders who injected much needed cash nduring the year, but do not appear to be open supporters.
WME Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held