LRS General Discussion, page-10087

RDT is a reasonable comparison for judging whether our drilling progress is running slow, average or fast compared to other explorers. They have 8 rigs operating (although I'm not sure how many Diamond and how many RC).

In terms of ANNs - RFT aren't providing updates to the market any more frequently than us. I think we have been receiving updates from Salinas roughly every 2 weeks lately.

Just yesterday RDT announced that they've been completing on average 4000m drilling per month but that they now want to increase this to 20,000m. I have no idea how they can accomplish this, but it's an interesting figure to put out to the market.

It's hard to be precise with exact dates but since October, we've drilled ~13,000m. Given we likely lost around 1 month (or slightly more) to the monsoon season in December/January, we appear to be achieving around 4,000m per month as well.Keep in mind that for October and November I believe we only had 4 rigs, 6 rigs commenced mid January and the 7th rig commenced mid February with an 8th due this week. If we get the 2 RC rigs previously mentioned then we will end up with 10.

So after all these useless facts, what should we expect in terms of metres per month?

Based on our drill rates last year with 4 rigs, I would assume with 8 rigs we would be looking at ~8,000m a month (again, I have no idea how RDT is going to produce 20,000m a month unless their 8 rigs are mostly RCs).

8000m a month would be ~20 holes completed per month (assuming an average depth of 400m).

If we want to get a PEA and Resource upgrade out by end of Q2, then 20 holes per month would be the minimum number of holes required to achieve this IMO.