Following the last Drilling Results at Mt.Gee, is there wind of any news and timing for the Resource Annoucements??? This will be a prime mover for the share price, with or without any comments from Beattie. ;)
SUMMARY Sufficient holes have now been drilled at Valhalla, Andersons, Skal, Bikini and Mirrioola to calculate revised and new resource estimates. Drilling continues at Tjilpa, Skal, Bikini and Mirrioola. Drilling at Warwai and Watta has been delayed due to continuing wet conditions in the region. Summit will model, calculate and report JORC compliant resource estimates for each of the eight deposits in 2006. Summit has also defined a further fifteen uranium mineralised targets at Mount Isa (see attached plan) that will be evaluated and drill tested when rigs become available.
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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