GXY Summary of planned works

I am still waiting news, GXY are taking their time - but I did notice in page 3 of their recent announcement that the JV block is indicated twice, in 2 different stages of developing drilling targets for pegmatite exploration.

The first is directly to the North, North-East of Mt. Cattlin (circled in RED - small circle), The second is to the North-East of Mt. Cattlin (to the right of that small circle - both partially or wholly inside the JV block.


The focus will be on targets immediately north of Mt Cattlin as well as mineralized pegmatites to the west of Mt Cattlin (Figure 1 above). An additional 10,000m of drilling will target open extensions of the Mt Cattlin Orebody to the west and north beyond the extents of current drilling. A further estimated A$3M will be expended on brownfield and greenfield exploration activity in H2, 2018.

So it looks like the GPR is being analysed and drilling is to start H2 2018

It seems there has been a few barbs fly this way and that - but it does look like there will be some results to actually update the market with soon. GXY want more than single digit mine life as do all Lithium miners.

We are 2 months into H2 2018 already - probably only another 2-3 months at the most before some results are known.

SK60