what i got from the anncmt was that there were 165 samples of...

what i got from the anncmt was that there were 165 samples of which 110 were deemed high priority or prospective (as they put it). A total of 42 were treated, 16 of which were high priority. Using 110 and 16 we get 14.5%. Quote:

"Whilst some limited grade information will become available for various geological units in February 2005, a
definitive answer leading to feasibility studies will not become available until all composites have been
processed. Prefeasibility studies have been extended until June 2005 to allow for treatment of all remaining
high priority materials."

So if any of those 16 are any good, then you will have a hell of a run until June.

Then you have this for what will be a very active yr:

Conquest Mining applied for three new Exploration Licenses, covering 505 km² of the Napier Ranges, 130
km east of Derby in Western Australia’s Kimberley region. The move follows highly encouraging results from
a recent soil geochemistry survey which indicated the potential for a discovery of a major lamproite or
kimberlite body.
An orientation Mobile Metal Ion (MMI) soil geochemistry survey conducted over the Ellendale 17 pipe in July
2004 determined the MMI “D” extraction was an effective technique for discriminating lamproite intrusions
through younger regolith.
A 2km MMI soil geochemistry traverse over three magnetic anomalies confirmed the presence of five rare
earth elements and palladium at response ratios of between 25 and 100 times orientation survey
background. The survey was conducted over a magnetic anomaly within the King Leopold Mobile Belt
where younger cover sequences may be concealing a new field of lamproite or kimberlite intrusions. These
results are consistent with the presence of several lamproite or kimberlite pipes, which may form part of a
larger composite body.
The Napier Ranges are considered highly prospective for diamonds and base metals and Conquest is
currently conducting a large diameter drill program at the Ellendale 17 project, which lies 20km southeast of
the Napier Range anomalies. Previous work by Conquest at Napier Range has included the interpretation of
satellite data and aerial photographs together with reconnaissance mapping, airborne magnetic
interpretation and modeling of 17 magnetic anomalies.
Conquest now plans to test the combined magnetic and soil anomalies with drilling in early 2005 following
the summer wet season. A further eight smaller magnetic anomalies along the Napier Range will also be
investigated. New license application areas will be subject to an airborne magnetic survey upon grant.