2 diamond core rigs presently at Railway twinning already drilled RC holes to ascertain extensive metallurgical properties of the Railway deposit. Eg. lump to fines ratio.
2 RC rigs drilling Jumbo, Railway East and Yandi Headwaters obviously to try and find another significant discovery worth exploiting.
Railway should go Indicated by year’s end.
I don’t hold as much hope for the other tenements as I did Railway even given the aeromagnetic signature of Jumbo.
Railway was a fairly obvious target with significant potential given its prime location right on the nose of the Milli Milli anticline.
In my opinion Railway is the best we’re going to achieve but happy to be proven wrong.
UMC Price at posting:
$1.53 Sentiment: LT Buy Disclosure: Held