RE: Operations & Finance Update20 Dec 2021 09:53
11.5km of the original 200km seismic project to do - max. 2-3 days work.
Additional 20km on top of that would take no more than a further week, weather providing!
The Company has also agreed with AGS to shoot a 15 km 'high resolution' line with 5 metre source and receiver spacing. This experimental line will test the suitability of high resolution seismic to resolve shallow structures and identify potential closures within the topmost 400 metres. The line, which crosses the Tai and Itumbula Highs, will provide valuable data in understanding stratigraphic and structural variation within the poorly resolved shallow and ultra-shallow zone.
This sounds a fairly detailed survey, which presumably will take longer per kilometre due to the 5 metre spacings, but is
significant, as once data is produced from this, and the ERT work has commenced, then they will be in a position to start drilling shallow targets, in Q1 - probably Feb/Mar 22
Deep drilling in Q3 could be start of June if the seismic data is good enough to pin-point deep targets. Should have data by end of year or early January and Drilling Contractor appointed by end of January!
A lot of people on hear wanting to drive before they can walk!
GLA