RE: Richard Poulden, Chairman Interview18 Feb 2021 17:57
Just listened, he says "It's very exciting even if you're not a geologist, and in fact actually when we started this current piece of exploration I did talk to geos and said look, what is the best thing that could possibly happen here. And universally it was that not only do we further identify the major anomaly within the EPN, but also that we find other similar anomalies that we can explore, and of course that's what's happened. You need to look through the detail a bit, but it is a huge change."
"So it was good before, but now you've found extra and it's a different ball-game?"
"It is a different ballgame, and the important point here is that until Greatland discovered Havieron, people were not looking at these types for formations; and we've seen that so often in exploration over the years, suddenly someone finds something perhaps in a completely different place - somewhere they weren't looking for it or whatever, or in this case in a completely different formation. And all of a sudden the whole exploration focus shifts, and what TeraSearch have pointed out - our consultants - is that the drilling that was done back in the 1980s over the main anomaly at Red Setter stopped just short of where it should have stopped, but nonetheless at the bottom of that are the shows of base metal that are very similar to when the drilling stopped at Havieron."
"So we've got a situation where it's like a technology thing which has improved, but also the nature of the of the actual formation that you've got there and the resource is also quite special there as well, so it's a two-in-one improvement?"
"It is a 2-in-1 improvement, it is the change in the technology, and it's the change in focus in what people are looking for; this type of formation we now know is very special, which even five years ago people didn't focus on at all"
"So what are the next steps, what maybe should shareholders be looking out for?"
"We will continue the exploration, and we will update people - as