Looks like the directors are confident that Highland Plains will be JORC'd up by next year. A JORC will certainly will place POZ in a position where it could start negotiations with 3rd parties.
"Phosphate Australia Limited (POZ) is pleased to report that drilling is well underway at the Company’s 100% owned Highland Plains Phosphate Project in the Northern Territory. A total of 21 holes for 223 metres have so far been drilled.
Drilling commenced in the western area of Highland Plains where the shallowest phosphate targets are situated. Assays will be required to quantify phosphate mineralisation and these results will follow in due course.
Drilling is anticipated to continue through until mid December with a view to working towards a JORC compliant resource for release next year."
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