RE: RNS11 Feb 2019 10:13
Yanis, sorry but that seems miles off.
TBS maiden resource estimate could crop up any time when the results are ready, they literally say that in this RNS, they did a lot of work there last year so takes time. Bluejay did a similar test area and released their maiden Jorc in April the following year for example, and their sample area was smaller.
The below on Amitsoq is very interesting in my opinion - particularly "ongoing discussions" with previously interested JV partners - a good JV deal could cover the next drilling and proving up phase, maybe more!
In 2018 Alba commissioned a field team to construct drill pads; as a result, the Project is now drill-ready. At a minimum, the objective of a first phase of drilling (~10 drillholes for 1000m) would be to drill within unworked extensions of the historic mine area in order to confirm the structural mapping of the deposit undertaken in 2017 and to enable the development of a geological model for the project. A second phase of drilling (a further ~10 drillholes for 1000m) would be designed to generate a maiden mineral resource for the Project.
Alba is re-engaging with previously-interested parties, as well as new parties who have expressed an interest as potential strategic or joint venture partners to participate in this exceptionally high-grade graphite deposit. These discussions are ongoing.