Grade is King, page-3

The RC drilling result are great... we are on track to have significant increase in MRE in the March qtr expecting >1moz resource.

The deep hole result was little disappointing - expecting higher grades going into depth which has not eventuated. Wait and see the results of the second.. if we don't get better in depth hole potential, unfortunately it will difficult to convince the market that Boorara is another Mt Charlotte.

There is a bit of selling resistance which has capped the buying momentum after the announcement.