General discussion, page-7511

I went back to the start of previous year, reminding myself of what some of the results were and why I wouldn't want to flog Morila off now considering we are ready to get into the honey of the MSP?
Announcements post the 3rd May 2021 have not been included in the MRE - making them all part of the 40,000 metres of results to be included in the revised MRE.

Drilling related announcements:
1: Drilling at N'tiola intercepts thick zones ~ 22nd Jan 2021
> 15m at 1.94g/t, > 15m at 1.93g/t, > 7m at 1.72g/t, > 6m at 1.4g/t, > 18m at 1.12g/t, > 11m at 1.04g/t & > 8m at 1.1g/t
https://www.asx.com.au/asxpdf/20210122/pdf/44rxq6msxsq5bt.pdf

2: 2.2 Million Ounce Resource estimate transforms Morila ~ 8th Feb 2021
~ grade of mineral resource increase from 1.2g/t gold to 1.6g/t gold
> 14m at 21.7g/t & 6m at 9.0g/t Morila NE
> 5m at 31.5g/t, 17m at 4.9g/t & 35m at 3.0g/t Samacline
https://www.asx.com.au/asxpdf/20210208/pdf/44sfnqr1nfkkw3.pdf

3: Update on Drilling Activities ~ 5th Mar 2021
Significant Intercepts from Koting
> 8m at 8.25g/t, inc 3m at 17.3g/t, > 8m at 1.97g/t & 8m at 2.9g/t
Significant Intercepts from Pit 5
> 7m at 5.72g/t, 6m at 2.77g/t & 9m at 1.13g/t
https://www.asx.com.au/asxpdf/20210305/pdf/44tc9n275x1jgv.pdf

4: Viper delivers High Grade results ~ 29th March 2021
~ previously undrilled high grade lode discovered at south end of Viper returned an intercept of 5m at 17.5g/t from 37m
> 7m at 9.4g/t, inc 2m at 30.1g/t
3m at 23.5g/t, 8m at 4.4g/t, 9m at 3.34g/t & 6m at 4.4g/t
https://www.asx.com.au/asxpdf/20210329/pdf/44v20tmh8wkpql.pdf

5: High Grade results from Satellite Pits ~ 30th April 2021
Morila Pit 5
> 19m at 4.14g/t, 19m at 4.37g/t, 14m at 4.23g/t & 8m at 5.22g/t
Koting
> 5m at 11.2g/t, 8m at 4.58g/t & 7m at 4.33g/t
https://www.asx.com.au/asxpdf/20210430/pdf/44w193fqmcw6z8.pdf

6: New Satellite Resources - Global Mineral Resources increase to 2.43 Million ounces ~ 3rd May 2021
https://www.asx.com.au/asxpdf/20210503/pdf/44w3vt2pkcyy2g.pdf

From my understanding the following announced results are not included in the current MRE?
7: High Grade discovery at K3 Prospect ~ 12th May 2021
> 21m at 13.45g/t -- inc 4m at 46.5g/t & 3m at 16.1g/t
https://www.asx.com.au/asxpdf/20210512/pdf/44wf1scsftlcg3.pdf

8: New Satellite Deposit Identified at K2 ~ 25th May 2021
> 23m at 1.8g/t -- inc 1m at 13.1g/t, > 7m at 3.02g/t inc 2m at 10.06g/t, > 4m at 2.62g/t & 7m at 1.71g/t
https://www.asx.com.au/asxpdf/20210525/pdf/44wry2q643002m.pdf

9: Pit 5 Delivers More High Grade Gold Results ~ 1st June 2021
> 58m at 1.75g/t, > 16m at 3.98g/t, > 18m at 2.17g/t, & 9m at 3.83g/t, > 33m at 1.04g/t , > 6m at 4.12g/t
https://www.asx.com.au/asxpdf/20210601/pdf/44wztqc49m27vg.pdf

10: Scale of Viper Mineralised System continues to grow ~ 10th June 2021
> 6m at 11.3g/t - inc 2m at 29.2g/t, > 9m at 11.34g/t -- inc 1m at 36.9g/t, > 1m at 36.5g/t, > 6m at 9.69g/t, 7m at 5.07g/t, > 10n at 5.5g/t
https://www.asx.com.au/asxpdf/20210610/pdf/44x87v50426ckc.pdf

11: Further High Grade results from Viper, Mining Commences ~ 10th August 2021
> 9m at 15.1g/t -- inc 1m at 98.7g/t, 5m at 11.7g/t, > 18m at 2.96g/t, > 2m at 12.5g/t, > 4m at 6.36g/t
https://www.asx.com.au/asxpdf/20210810/pdf/44z5149516h918.pdf

12: Morila Super Pit delivers 10.5m at 30.4g/t from First Drill hole ~ 18th August 2021
~ (MRD0001) upgraded to 10.5m at 35.0g/t
~ (MRD002) assay pending for adjacent drill hole
https://www.asx.com.au/asxpdf/20210818/pdf/44zdvn0h1xwh20.pdf

13: Morila Operations & Drill Update ~ 22nd October 2021
> Screen fire assay of MSP hole MRD0001 increases grade of intersection to 10.5m at 34.0g/t
~ no bullet point in announcement of result of MRD0002 > 6m at 2.62g/t
https://www.asx.com.au/asxpdf/20211022/pdf/451yhqpdkm1wfv.pdf

14: Drilling at Morila Identifies New High Grade zone ~ 21st December 2021
~ results received from the Eastern side of the Super Pit
> 5m at 30.3g/t -- inc 1m at 128g/t, > .9m at 35.9g/t, > 1.15m at 31.2g/t, > 1.2m at 18.1g/t, > 7.9m at 2.01g/t -- inc 4m at 4.24g/t & > 11m at 2.94g/t
https://www.asx.com.au/asxpdf/20211221/pdf/454d8tzpyhgfbq.pdf

15: High Grade Results from MSP ~ 22nd February 2022
> 4m at 13.6g/t, > 16.8m at 3.02g/t -- inc 6.3m at 6.95g/t, > 7.5m at 5.99g/t -- inc 2.7m at 15.9g/t
~ results from drill hole MRD0018 may represent a new zone of mineralisation well outside the main pit and separated from lodes previously mined
> 15m at 7.61g/t -- inc 9m at 11.1g/t, > 2.8m at 23.7g/t -- inc .8m at 82.0g/t
https://www.asx.com.au/asxpdf/20220222/pdf/4566nrdwyc060f.pdf

16: Substantial Resource Increases for Viper & N'Tiola ~ 25th March 2022
~ Viper MRE increased 128%
~ N'Tiola MRE increased by 18%
~ Total Mineral Resources for Morila are 2.5 million ounces of gold
~ Viper mineralisation now defined over 1.5km of strike
https://www.asx.com.au/asxpdf/20220325/pdf/457bmr9z57clbv.pdf

From my calculations there has been results announced for 23,433 metres of drilling of the 40,000 metres that have not been included in the current MRE, which includes 2949 metres of drilling at K2 & K3.
~ anyone know when Koting (historical results?) was included in the MRE?

@52570 gold hound (lol) I have again looked, any recollection of where / what is Surfen? that is indicated as mined ore/ ore grade in the latest Activities report, I haven't noticed this deposit name previously?

I personally would not support the Company selling Morila, not now, not before some results /production figures come through from the Ore milled from the MSP and cost saving measures implemented. As already indicated, IMO we are not that far from being cash positive from the Morila operations.
~ As an ASX listed Company to divest your main undertaking needs share holder approval?
~ As an ASX listed Company to remain listed you have to have a core business, sell Morila and go back exploring?
~ or are we all wanting to sell the whole company?
~ IMO any purchaser would want the full monty including the surrounding tenements as well as the LLL shares?


Cheers