RE: Capital Raise?23 Oct 2021 11:01
RNS 2/2/21 stated “The JORC compliant Mineral Resource at Elizabeth Hill Mine was completed by Lana Ltd in 1999 for 46,800 tons at 2,450g/t silver (86 Oz/t) for 4.05m Oz contained silver.”
Obviously this is 22 years old and needs updating. But the QA/QC holes they just did is validating the historic data, and now they need to update with the new holes around the halo which has visible silver.
In the June Investor Presentation Bill said regarding Hamersley:
“These permits were originally picked up in a ballot. When more than one company applies for a licence in Australia it goes to ballot. Rio, FMG and BHP had put their name in the hat at the time of the ballot.” So they were after them also.