H1 results21 Sep 2021 08:48
Key Highlights:
· Rupert Verco, a highly experienced South Australian mining specialist, appointed as Chief Executive Officer in July 2021
· Executed a successful geochemical sampling programme in H1 2021, providing more detailed information on the orientation and continuity of known mineralisation, as well as refining drill targets for priority exploration targeting
o The drilling programme in H1 2021 included 138 holes across two targets
o Post period-end, the Company has drilled a further 875 holes across eight priority targets
· The results of the geochemical sampling programme are being assayed and interpreted. They will underpin the design of the Reverse Circulation ("RC") drilling programme, expected to commence around late-October
· The Company's ongoing exploration activities are progressing to plan, with Cobra well-placed to achieve the stage 2 earn-in for the Wudinna Gold Project before the end of 2021, resulting in the Company increasing its ownership of the project to 65%