CVV Flying, page-47

We all start somewhere.

I have posted a lot on CVV. It can be more of the same with lots disappearing into disused threads.

I have my fingers crossed that CVV can find an offtake partner (e.g. Mitsui) who will stump up most of the cash to get a mine up and running. This first hurdle will be the biggie and could follow fairly soon after the PFS hopefully. Then it could be a couple of years or so to build, and get to commercial production. All this was pretty much stated back in the 2019 scoping study which ASIC? "put the kibosh on".

There is going to be a resource increase in the up coming MRE. Already flagged with the deeper drilling back in April this year. Since then the synformal fold keel has been firmed up as a real target that could add to the resource. Marginally, perhaps, for the current drilling but could be quite open to the NE in a similar fashion to the west limb which, if correct, would add significantly to the resource. One issue would be the need for significant condemnation drilling to make certain plant, tailings etc are not built over possible future mine sites/deposits.

Next week would be good to see the next batch of assays for RC infill - a month since the last batch of RC, with a batch of DD since then.

If I get the time I may do a couple of predictive sections over the weekend.

Hope CVV gets flying again soon. For me it is bottom drawer and hold. Each to their own.