Ann just come out.
That's a lot of money for this coy.
Are the Q1 project activities worth that investment?
Exploration activities to be undertaken in first quarter of Calendar 2012 include:
1. Orbost Copper Project VIC. ORO 100%: Formal DPI approval to conduct a 73 sq km helitem electromagnetic (EM) survey will be made after the final selection of contractors.
The survey will follow up the 4 other geochemical anomalous areas adjacent to the drilled Sunday Creek copper mineralisation. As Sunday Creek has prior drilling results over a ground based EM anomaly it will allow calibration of any further anomalism against Sunday Creek in relation to size and grade prior to drill testing.
2. Talc Lake Nickel Project W.A. ORO 100%: Application to conduct further multiple drill testing of the 6.15% nickel result in drill hole Roe 114 and related down hole electromagnetic (EM) anomalism has been made to the DMP office in Kalgoorlie.
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substantial holding $450k
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Will Souter, CFO
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