NRL 0.00% 4.7¢ northam resources limited (application withdrawn 21 november 2022)

speak to the md, page-14

Currently unlisted. Proposed listing date: 16 DECEMBER 2022 12:00 PM AEDT##
  1. 2,511 Posts.
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    Hi rastus,

    I was replying to your post where you say that the question You asked the MD about the historical holes, he gave you the same answer as what I had explained in my post by chance. The thread got moderated and I assume it's due to the start of the thread which was based on a rumor.

    Anyway without going into details again. The 1997 holes RC005 and RC007 are in the south west of the current discovery and are not near the "sweet spot" of the discovery.

    Plus we had 25 new holes in an area never drilled and 17 holes found coal and some very thick. 17 new holes with coal are more important than two historical holes drilled outside the area of concern.

    Anyway, I said it better the first time. Also, the infill drilling will bring good results as they know where the coal is now.

    Re your other question. If you want to play around with the maps, what I did was:

    Print the map from the announcement of the 25th march.
    http://hotcopper.com.au/asx_announcements.asp?id=284485

    Print the map from the announcement of the 21st of February.
    http://hotcopper.com.au/asx_announcements.asp?id=271315

    Got a ruler and made allowance for the different scales.
    Used the raiway line shown in each map in the south east corner to get my bearings.

    After doing this I had no doubt that the two historical holes were at best in the extreme perimiter of the discovery to the south west.

    Good luck and thank you for letting me know that the MD said that the historical holes are not in the zone they have found the coal.
 
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