Scott2405 Dec 2024 06:50
Scott,
Couple of points if I may.
Firstly, you are right in that the RNS 170724 stated that there was an intention to commence a July drilling programme. Our group noticed that at the time and questioned it as the new CEO had not yet even taken the reins!
“Such appointment, targeted for 8 July 2024 following the Company's forthcoming Annual General Meeting, remains subject to satisfactory completion of our Nominated Adviser's requisite due diligence process and, in the meantime, Mr Shaw will assume the role of CEO in a non-board capacity with effect from 17 June 2024”.
We must presume, therefore, that the July drilling comment was, in fact, a clerical error that had nothing at all to do with Alex. Ancient history now anyway.
Since then, however, his team have carried out a major technical review, with help from the South African Tect group, and now will have a far greater independent understanding of the ore body. It will be interesting to see how much their views coincide, or conflict, with the old guard.
Results of this, along with results from the summer and autumn soil sampling, channel sampling of (east of Bam east) outcrops, and the core infill sampling, will direct the first 3500m of drilling scheduled for start next year. Interestingly though Scott, I am reading start dates as either Q1 2025, or ‘early 2025’ which are effectively the same.
“Our team is currently engaged in technical studies to increase the understanding of BAM’s geological model with a view to starting a highly targeted 3,500m drilling programme in early 2025.”
Where did you see the summer drill start detail please? (Your post 041224 17:56)
Cheers. UR