The Drilling rig must be getting close now, upgrade the level 1 mine design study to the level of full feasibility ! I think that means bankable.
The drilling campaign, to commence during July, will allow the Company to;
Infill drill the Resource,
Upgrade the Resource,
Extend the Resource,
Collect hydrological data for studies,
Collect geotechnical data for mine design,
Conduct a detailed land survey,
Collect fresh core for metallurgical test work and,
Finalise discussions with local stakeholders in line with statutory requirements.
All these issues will allow the Company to finalise its Environmental Impact Assessment, finalise the Mining Licence Application and upgrade the Level 1 Mine Design Study to the level of Full Feasibility.
Managing Director of Walkabout, Allan Mulligan commented on the response to the Offer; "We are delighted at the strong response to our placement. We believe momentum and market understanding of our right-sized, low risk strategy is growing."
