MRD reply to my email"We put outa market update a bit over a...

MRD reply to my email

"We put outa market update a bit over a week ago – no doubt you will have seen this, and not much has changed since we lodged that. We have not released any plans past the first drilling programme as plans (past a point) are subject to results!

We are looking forward to getting drilling this month – at this stage we are on track, but I don’t like the look of the cyclone coming down the coast. The drilling rig is locked in and so it is only something like this, outside our control, that has the potential to delay us.

We have good targets, and sufficient money in the bank to complete this and additional work. This drilling will obviously target iron and gold, but will also enable us to better calibrate our geophysical models. We plan to do a new gravity survey during May, so the April drilling (geology) will feed straight into that, and will improve our targeting as we go into areas nearer the Carson Fault, where there is no outcrop, in subsequent drilling programs."