RE: Timescales16 Oct 2025 13:33
Pepas north is part of Pepas and will be drilled to expand the resource at some point, however it sounds like they want to declare Anza as a second resource. As it is already close to that point they want to push it over the line.
Then they want to start progressing El Cedro. El Cedro - they want some data to start JV discussions as it’s too big to drill themselves.
Put another way, they aren’t hanging about.
They will declare a PEPAS MRE soon
They will declare and Apta MRE after PEPAS
They will look to start El Cedro……
They want movement on ALL 3 next year rather than concentrating on expanding PEPAS - which can be done later. The focus with PEPAS is declare the resource and get producing…
After ALL that they can return and expand PEPAS by drilling PEPAS North. The presentation was to outline the plans for now and into 2026.