"What part of early exploration and low MC do you not...

"What part of early exploration and low MC do you not understand?"... what early exploration? Jameson's Dante's Reefs and the magmatic copper been known about for ages, TM1 just drilling to wrap an MRE around it. Camel Cronus Prospect been know about for ages, TM1 is going for a Hail Mary into what looks like a well explained LG **bro intrusion. There may be some Chonolith semi-massive sulphide accumulation hiding at depth along strike, but the previous fence looked very consistently LG, with no indication of sulphide traps....

Take TM1's release 23 Nov'23 as an example of XXXXX (insert appropriate word, not sure what to use without being moderated, appreciate any suggestions)

"The Company’s Managing Director and CEO Thomas Line commented: “The three priority reefs at the DanteProject extend for the same distance required to drive from the Perth CBD to the city of Fremantle. Only six shallowdrillholes have been drilled near these reefs historically, which all intercepted mineralisation despite not penetratingthe target basal reef layer. The basal layer is interpreted to contain the greatest enrichment, which is supported byextensive historical surface sampling."

"GCX Metals Limited (ASX:GCX) (‘GCX’ or ‘Company’) is pleased to announce that systematic revision and prioritisation of near surface drill targets is advancing at the Dante Project. The review has revealed that only six (6) drillholes have been drilled over 23km of outcropping mineralised strike.Three (3) holes were drilled at Crius 2D prospect and intercepted significant PGE, gold and copper anomalism from surface, despite not being drilled to an adequate depth"

"One (1) hole was drilled at the 8km long Hyperion prospect (refer Figure 5) and intercepted copper mineralisation, however, it also missed the target basal reef which contained an average grade of 1.03g/t PGE3 over 50m width from historical sampling (refer Figure 5)."

OK, fast forward to June 2024 and release of first assay results... there are two old holes drilled through the Basal Reef on one section... WTF, "Only six shallowdrillholes have been drilled near these reefs historically, which all intercepted mineralisation despite not penetratingthe target basal reef layer."


What about EIS funded 362m diamond drill hole into the middle of hyperion Reef? Never referenced or detailed, but that's another hole that hit basal reef, returned expected mineralogical and mineralised basal reef signature, and satisfied Traka that the reef system was explained and correlated to the surface rock chips... no exploration discovery yet I can see, just recycling old projects...