From our last quarterly activities announcement we completed almost 4 exploration holes so had another 2 more holes to drill surely we are almost done and feasible study coming soon.
Quarterly activities last December: Two production wells and up to six exploration drill siteshave been planned. The production well rotary drilling program was completed, with two production wells drilled to depths of 350m. Pump testing and brine sampling works have been completed for both lisults awaited. These works will facilitate the preparation of a brine Ore Reserve estimate and subsequent completion of an upgraded feasibility study. The exploration diamond drilling program is progressing, with two drill sites conducted to date. The first exploration drill site location had three boreholes completed, to depths of 151m, 411m and 411m. The first two boreholes were sampled – with 11 core samples and 31 brine samples collected, whilst the third borehole was utilised solely for downhole geophysical logging.The second exploration drill site location has a borehole with drilling in progress, at a current depth of 384m.
AGY Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
