DYOR, page-8

I suspect most of the 50k drilling now announced in the Quarterly , will be directed at bringing the Roswell/San Antonio Resource into Jorc classification , as inferred or indicated , depending on the drill spacing !

So only part of it will be extensional .
Equally as pleasing , is the two statements that they are already in consultation with Authorities/Land owners to develop this Resource into a mine plan ( whether its initially open pit or underground , or both ) ....and that a drilling programme for the southern section between El Paso and the old Peak Hill mine , will be undertaken in the first 6 months of 2020 .
From the Quarterly:
These drill results, as well as slightly deeper drilling occurring in the current quarter, will be incorporated
into the first Resource Model, expected to be released in late November. The Company will continue
with resource definition drilling, expected to comprise of a further 50,000m of predominantly RC drilling,
over the remainder of the financial year .
Sell -off today ...nothing to do with fundamentals in the Report ...just gold weakness drifting over to Alkane from other mid tier producers in recent day , and perhaps some "reservations"about the increased cash burn in this December Quarter .
But exactly what Alkane needs to do ..to get Tomingley South quickly into production (2020 ) , and focus on proving up what there is at Boda ! Good buying day >