The last 18 months has been largely a data collection and foundation building phase for RCP. The geo-chem and geo-phys performed has been extensive and I don't think anyone could ask for anything more in these areas. We are all acutely aware of the quality range of targets this has thrown up and eagerly await the results of the first drill campaign.
Its obviously not an easy place to explore due to remoteness and harshness of the environment. I suppose for me the things I am most interested in are:
1. Has the IP model been proven
Our current hypothesis is that:
" The answer to this lies in the initial drill results but we have been given some early indication that can be construed as positive, East-West connectivity as shown below and some positive references in the completed drill program.
2. VTEM Conductor Drilling
Will we drill this conductor this season? The wet season is almost upon us but I note that RCP is right beside a main road through the area which must remain open to some extent one would think. I would like to see RCP management push on with drilling and note that it can be done at this time of the year, also I would be wanting to see a much earlier start to drilling in 2022.
3. Proactive PlanningThere have been issues re timelines this 12 months:
* with release of the JORC
* delays in the VTEM survey due to helicopter issues
* drill rig issues / /breakdowns
*drill rig availability
How does the company plan to ensure issues are minimized over the next 12 months?
4. Potential Joint Venture partner / Cornerstone investorReferences are frequently made to the size of our tenement holdings "district scale landholding". What is the plan to systematically explore this area. Without a discovery of significance in the near term the company will be heavily diluted. Isn't this the whole reason for Tony Kiernan's appointment, a big boy to pull in the big whales?
5. Millers CreekWhat's going on here. We have no budgeted spend for this asset so why are we keeping it. It is in a highly sort after jurisdiction, surely we are better to flick?? or joint venture it. To effectively put a drill hole into this area would be a million dollars.
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