Drilling announcements

Last Monday’s June Quarterly provided no fresh info on drilling progress - not even on hole NAD044 which was heralded in the 3 July “Progress Report” as:


NAD044 INTERSECTION INDICATES POTENTIAL C4 ANTIMONY-GOLD VEIN SYSTEM

A visual estimation of mineralogy logged in NAD044 is…. 40% stibnite.

That’s absolutely massive - so why no mention of it in the Quarterly?

From the 22 May announcement:

“A second diamond rig commenced drilling at the Nagambie Mine on 10 May 2023 and its first task is to drill a series of holes to test the depth extent of the C1 vein system.”

The initial rig has commenced drilling a series of holes targeting the predicted C3, C4, C5 etc vein systems.”

But in last Mondays Quarterly there was no explanation of what the two rigs are actually doing.

Why no mention of the 2nd drill rig? With funds being tight is it still being used?

Surely we need two drills running flat out if we’re to get that all important JORC inferred resource reported ASAP.

It’s now 5 weeks since the last “drilling update” and, given the parlous state of the share price, the market is obviously desperate for more news.

C’mon management, give us regular updates in order the breathe a bit of confidence into the old NAG !