AVZ 0.00% 78.0¢ avz minerals limited

No one said they must complete the 2018 phase 1 drilling...

  1. 24,192 Posts.
    lightbulb Created with Sketch. 5566
    No one said they must complete the 2018 phase 1 drilling (20,000m) by end of June. Maiden Jorc will come out with assays they received up until that point at end of June ie a sub set of phase 1 holes. Then I expect a series of Jorc upgrades will occur every 3-6 months as more results become available.

    I also expect the rigs to stay onsite and roll into the Phase 2 (20,000m) program of some infill in Roche Dure to increase Jorc to indicated/measured and initial program at Carrier De L'est to raise a inferred Jorc.

    Expecting another announcement confirming 4 existing onsite rigs will roll into phase 2 program soon. There will be a contractual decision point/milestone shortly between drillers and AVZ whereby the drillers will need to know if phase 2 drill option will go ahead. I can see no reason why it should not go ahead. AVZ has the money, drill hits are/and have been nothing short of spectacular.
 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.