The week that was.
Mon 26th ....Calibre increases 19% to 3.1m AuEq @ .86g/t
Pretty good in my books, but yes was increased mainly due to lowering the cut off grade, but its economical grade at the gold price. This is terrific news, big shallow open pit, and from what i always have read most likely is a candidate for first ore into a potential Winu plant, that would be a big re-rate for us.
Something must come to light regarding Rio's plans, been lots of whispers. I think alot of posters really overlook the significance of Calibre.
Wed 28th ....Rumours sniffs of a deal been done on Telfer/Haverion by Newmont, amounted to nothing, but been lots of smoke in the hills, so maybe not far away, even a re-start notice on Telfer would be very handy, hopefully by the end of the month if all goes well.
Fri 30th.... Pacman drilling update............and a delay again on the MRE.
Well biggest disappoint was on the delay of the HIGH IMPACT MRE for Minyari & GEO-01, second by the heading of the announcement, the actual drilling result, well did not come up trumps with anything obvious, but i gave that a very remote chance, so not disappointing. But in my very humble opinion was worth drilling, you don't know if you don't drill, was partially funded by the government to the tune of $440,000, at least they now have some stats on the geology of that area.
This week might be quiet, but those IGO/JV drilling results can't be far away, out of the blue you could have news on Winu or Telfer, remote chance, but will happen one day soon.
Enjoy the week, hopefully the MRE update will be late in the second week of September.
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