the Ancuabe tenements are a massive area comprising of 6...

the Ancuabe tenements are a massive area comprising of 6 licences (i think?)
drilling to date has only been in licence 5336 - which is where the highly prospective T12 and T16 deposits lie.
Maiden JORC has been done for T12 in May 2016
and infilling was commenced in October
as at 30th November we have completed 80% of the infill drilling with the balance to be completed this month/ beginning of Jan.
core samples are already on route to testing facilities in S.Africa.

Results on the infill drilling along with core samples from 2015 drilling program are imminent

updated resourse model is expected in Feb
metallergy work results expected March

This is all for T12 ..... i would expect them to them start infll drilling in T16 and the space between T12 and T16 which is approx 4km long and it is suspected that the t12 deposit continues into T16.

T12 is proving up to be 14.9m tonnes at 5.4% - flake size and purity to be announced.
once we have this information then we can start searching for new customers...... and our cornerstone minjar should come in very handy at this point (one would hope)

once we have customers then we can look at finance .....

and in the background we can continue to drill the other tenements

so no @Motors - we are not starting from scratch.

and yes - somers offloading all the shares to unknown parties is a bit of a worry - im not worried about grafex.