You have to read the fine print in the quarterly to discovery this fact though!
AAO are currently drilling their Murninie IOCGU prospect.
AAO have flown under the radar. Management have something to do with this - ie not even making a separate announcement regarding the start of drilling. However, judging by the action on the market today - interest is starting to build in AAO.
In my opinion AAO have a very good IOCGU prospect at Murninie (see my previous posts). The reason is the presence of IOCG alteration in the historic copper mine at surface and the location of the gravity anomaly down dip from the historic mine. The implication is that the historic mine may be the surface expression of a buried IOCGU body that is causing the magnetic anomaly.
At the very least the current drilling will result in the discovery of extensions along strike and under the historic mine. At the best - a major IOCGU discovery.
Problem with AAO has always been liquidity, but it looks like it is starting to improve.
AAO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
