Speaking to a WA exploration company last week, it was interesting to hear that rig availability for the gold sector is no longer a problem. Assays are coming back from the labs in 2-3 weeks, which is much better than the three month turnaround we were seeing six months ago, and RC drilling rates have dropped by 20% over the last three months. Much of the exploration sector’s focus has been on lithium and rare earths with those commodities requiring lower cost air core and RAB rigs. So, inflation has gone into reverse … for some.
From Far East Capital Weekly Commentary 3/12/22
RTR Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
