RE: Atlantic rock30 Oct 2023 13:01
‘Paul Sanger: What's the current status of the drilling program and do you anticipate recent results will lead to resource upgrades? And how much further upside can you see from exploration?
Amanda Harsas: So this year we've got an 18,000 meter drill program and the results have been very good so far. We'll continue to have results coming out over the next few months. We've had good results on our infill exploration and extensional drilling, and we'll see that come through in the next little while. We've only drilled 3% and we really see that we will have a mineral resource upgrade based on what we've been doing. The more exciting thing for me as part of this negotiating with the government is we will be getting a lot of our applications that we've got in for further areas that we want to explore. And now that we have cashflow insight, we can then actually start aggressively exploring those areas. Some of them are highly perspective and that's really exciting for us as a company and it's been our strategic objective to do that.‘
A great interview all in all, should really put minds at ease.
Piedmont earnings are released on the 6th, in august they held $100m in cash so the funds are there for them too. Off takes on the way and a resource upgrade.
Onwards and upwards. GLA!