I listened to it again and they are drilling a hole 400m below the recent MRE limit down to 1,000m below surface so down dip it will be deeper (maybe close to 1,200m) as the previous deepest hole was about 800m below surface (his words in this presentation) and yes he is very confident they will hit mineralisation.
He also stated they are looking at 70% to 80% being converted into a reserve and it seemed he was not just talking about NN ( but it was somewhat unclear). If they do that the reserve will exceed BGL’s 1.34m Oz.
South Australian functions, page-11
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