South Telfer Project: - Rincon plans to drill extensions of its Hasties gold deposits, expected to be around 10 holes totaling ~1,200 m of RC drilling.
Laverton Project: - Detailed exploration planning is underway to ensure the necessary permits and permissions are in place to mobilise the drill rig as soon as possible. The Company intends to fly a detailed Drone magnetic survey over priority areas in the coming weeks and drill as soon as all permits and permissions are in place and a rig can be sourced. This work follows on from a soil sampling program conducted at the end of 2024 that was designed to outline new surface gold anomalies, or rock alteration signatures indicative of gold mineralisation at depth and assist in the delineation and prioritising of prospective gold targets for future drill testing.
West Arunta Project: - No exploration activity for the quarter. The company is completing the collation of the 2024 detailed work to ascertain the next steps for the project.
Therefore, there is drilling at both South Telfer and Laverton coming up in the near term. The Laverton and South Telfer updates talking about this planning were over a month ago and they were awaiting permission for South Telfer and organising the drone magnetic survey at Laverton to finalise drilling targets. IMO we should be get an update in relation to drilling at South Telfer first, then Laverton drilling will soon follow that. Unfortunately as every company experiences, permitting for drilling is not a quick process in WA. Generally, 6 weeks minimum. It has been around 6 weeks now since the last South Telfer update so that is why I expect a drilling commencement release any day now.
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