Member Info for TalkingSense

C1p2d,

Sorry busy playing cricket.

Nothing to add to Sausages post..That's his opinion (the same one he had two weeks ago, a month ago, two months ago...so Ive nothing new to add).

I would agree with him that this will only multibag from here with a plan to move towards production, JV news, significant resource find at Lllworth or monetising the tax losses.

Until then we will likely be trading in the 0.26-0.4 range.

Obviously any future raise would be delayed by either the property sale or tax loss monetisation. If neither of those happen I would expect another raise around Oct/Nov.

Toffers:

#ECR Adam and the team are on the ground today in Victoria 🇦🇺 at our Tambo tenement area.

⛏️ We intend to gather data

⛏️ Rank our best targets

⛏️ Drill over the coming months

⛏️ We're fully funded for this

We look forward to sharing our findings at the first opportunity.

And they are moving the team to do some sampling work on the east end of Lolworth.

Intergroup Mining hold the license directly to the east of Lolworth (see my post 13/5 14:07)

They've alluded to already having 'discussions' with other parties and neighbours, but we don't know if that pertains to sharing information, JVs, tax losses or other subjects

Toffers...."There is no other way forward"

Well we could continue to prove up the resource at multiple sites with activity at Bailieston, Tambo, Blue Mountain , Lolworth and Creswick, come up with a plan towards production, monetise the tax losses, look for a JV explore and develop our resources as well.

Or we could go with your plan and just put up a for sale sign and put the kettle on .......doesn't sound much like a sustainable plan (as all those EUA investors who bought when the SP was 20 times the current value found out to their cost).

Morning Boffin, That's why they've engaged the services of an Australian Tax expert... to ensure that any transaction would fit the criteria (and the other party would sure as hell do rigorous DD before parting with potentially a couple of £million).

SV, That's the point we've been making.

There is an upper limit of where the gold discoveries alone can take the SP (barring a bonanza find or significant REE find at Lolworth)

To multibag we need to show a plan towards production, get a JV or monetise the tax losses

Well the grades were increased on the Creswick results and Blue Moon's were still excellent.

The problem with BM was that the extension was not as expected (although they only drilled on one side of the original drililling programme.

Creswick is a bit of an enigma , the drilling results there has been decent (with the exception of AH's hail marry drilling ear the end of this tenure)....however there has never been a plan toward commercial extraction.

It's nice getting 80g/t as we did in 2019 and it's great getting the increased widths at Kuboid Hill.....but good results mean nothing unless there is a plan to extract the gold and turn it in to £££s.

That's what we need ....a plan to monetise, not "here's an extra 1 g/t on the re-test and now we're off to another 8 sites to drill with more results, but no forward actions".

The plan could be to drill and get the results, increasing the data bank and therefore giving more confidence to potential future partners/ buyers.....some clarity on the plan is what we need

Dan....Apart from the 2019 drilling campaigns at Blue Moon and Creswick which had very good results.

* re-test

Dan, It's not the results for the re-trzt that I am most interested in (although an upgrade causing an uptick in the SP would be welcomed).

The main thing I am interested in is what is planned next. Its pointless finding hold if you have no plan to get it out the ground.

The results will move the SP....moving towards extracting the gold will move the company to a different level.

That tweet (is that what it's still called?) cannot be accessed...What did it say?

TI/Toffers, There is no guarantee that there is an agreed JV or JVs.

And TI , there is no way you even have a clue who the prospective partner(s) is/are.

Smells of blatant ramping on your two's parts (unless you can shed some light/ provide evidence).

Dan has provided some context in his belief that something is in the pipeline and a couple of us have provided some information on our ' neighbours' (as Mike mentioned they were talking to neighbours in a recent interview).

Personally I believe that there are/have been discussions in the background, but who they are with and at what stage (just initial chats or near sign on the dotted line?) these are at are pure speculation.

Claiming to know it's multiple parties and who those parties are is just fanciful , and damaging.

IGM could be a prospective partner with a$96m on tap at the end of the year and an ASX listing....they will be keen to be active and adding value.

They are directly on the east border of our license

Intergroup Mining own the 'Brilliant Brumby' license to the east of Lolworth

Interestingly they are commencing mining for Gold and Koalin at the start of this year with a view to also extracting Lithium.

Three interesting recent releases below including the raise of a$15m and a planned ASX listing with post listing funding of a$96m agreed.

https://igmining.com/epsaveeg/2023/12/Intergroup-12-20-23.pdf

https://igmining.com/epsaveeg/2024/02/NR-NMR.pdf

https://igmining.com/epsaveeg/2024/04/Shareholder-Update.pdf

No 'the writing on the wall' just means that an inevitable outcome is apparent ....in Dan's case it is a positive outcome that he sees scribbled on the bricks.

Wow Sausage, You really didn't get my sarcasm of 'I guess'

Anyway looking forward to the upcoming results of the holes with greater widths as reported in the previous RNS.

And while you need to use the internet to garner information I prefer to share links to help people.

So here is one for you (You're welcome)

https://socialself.com/blog/stop-being-condescending/

*round of gold = round of golf (lol)

Sausage,

Doc's (*My ...lol) post contains the phrase "our pending best holes due shortly" ....that's a tricky one to interpret , but I would guess that means the best holes (the ones with the greatest widths) are due shortly.

Also the link in my 17:00 post give you all the holes with the greatest widths...I'll post the link again although I cannot believe that you actually missed that and I'm sure the investment community will be reassured once you actually read the information the company has provided.

Would love to stay and play today, but got a round of gold to play.

https://www.lse.co.uk/rns/ECR/creswick-drill-results-indicate-larger-ore-bodies-d3tegaz5yaj4oao.html

Significantly, this drilling campaign has demonstrated quartz/gold mineralisation continuity in the Creswick area with results having the hallmarks of a potential future small scale operation.

HIGHLIGHTS

● Two high grade results of 8.87g/t Au and 8.06g/t Au over 1 metre.

● Far more significant is the extensive broad mineralisation demonstrated in several holes where contiguous gold is present at 3.05g/t Au over 3 metres, 2.25g/t Au over 4 metres and 1g/t Au over 5 metres.

● This compares very favourably with historical mining operations elsewhere in Victoria with broad mineralisation where those grades averaged around 0.7 g/t Au.

● Aggregated 51 metres of mineralized quartz.

● The drilling returned significant intercepts with evidence of anomalous gold within 14 of the 15 holes drilled.

● Bulk sample testing at Creswick has indicated in the past both greater prevalence and higher grades of gold and this is being carried out now on the results for Kuboid Hill.

Thank you Mr Pedantic.....

The bulk sampling re-tests were for four holes.

The initial results were for the last two.

If you read the previous drilling results RNS you will see which holes reported results over greater widths (as you have great knowledge I thought you would have known which ones I was referring to). I've put the link below to help you

https://www.lse.co.uk/rns/ECR/creswick-drill-results-indicate-larger-ore-bodies-d3tegaz5yaj4oao.html

And, as you say , they probably need to get a greater amount of drilling information to get to the position of being able to infer a resource which is why I wanted the next steps to be progress 'towards' that aim.

And how will the SP react to the remaining results....INo-one will know until we get those results (but thanks for your guess)