RE: Think Disko, Think Disko and Nothing But Disko!15 Sep 2025 20:13
What KoBold JV Actually Did / Delivered:
They conducted an extensive 2022 field programme:
- Airborne geo over many thousands of line kms
- UAV/drones: high‑resolution magnetic surveys
- Ground EM work: SAMSON stations, HeliSAM airborne EM, etc
- Geochemical sampling: stream, outcrop, soil, etc.
- Thousands of samples
- Bathymetric survey and mapping for marine access
They identified and ranked several priority drill targets (e.g. Igdlukunguak anomaly). They improved geological models using collected geophysical & geochemical data.
What the JV Did Not Deliver / What Fell Short:
No major drill campaign. The JV failed to deliver either the required US$11.6 million in drilling or the 15 pre‑agreed holes by end of 2024.
What Remained / What Value Was Created:
The exploration work greatly helped in generating new drill targets (some high priority). The geophys, geochem, and mapping give a much stronger base than what existed previously.
80M acquired back full control of the asset and got infrastructure/equipment from KoBold through the reversion deal.
The improved geological model means any further drilling under 80M’s control has better target definition, less exploratory waste, and more optionality.