Scoping Study - August 2022

R.M at Diggers mentioned that the scoping study would be completed this month, he also said in another part it would be released later this month.

We can't be to far off, 16 trading days left in August.

As of this week, we are 4 weeks up in a row in share price = 35% up.
Today was our best day since the release of the resource upgrade back in May.

It is more than possible to get back to the highs when the Minyari Resource was upgraded on the 02.05.22 = another 35-40% up
(hopefully within the next 4 weeks...a steady increase is much better than a large gap open)

At 5.5c that brings us to a market cap of $175m.........not a bad base to build from, leading into Xmas and our busiest time.

Once the scoping study is out, it gives NCM an inside look into what the AZY Management have on their plate and their thinking.

I'm sure, once, if not before the scoping study is released, that drilling results will come thick and fast to add more fuel to the discussion with NCM, and to prove that this deposit will grow and that it could justify its own plant, puts us in a terrific negotiating position.

Stay tuned, the clock is ticking on the Scoping Study and for us to look at the meat on the bones.

Stay the course...not many opportunities present themselves in this manner.