@Midnight Your assumptions in the other thread about the MRE and...

@Midnight Your assumptions in the other thread about the MRE and each of them are demonstrably very wrong. But no-one cares.


Meanwhile, on the topic of a maiden MRE I said to Pete Duerden at RIU yesterday that I finally get the delaying of the MRE until the further drilling. Given the variability of grades and zones. Without the recent high grade infills at Spur and extensions at Consols we would have been selling ourselves short.

Also the 50x50m grid at Spur will deliver the bonus of a good wack of indicated over inferred. Obviously less so for Consols where the drilling is still trying to find the edges.

2026 focus remains the drilling. MRE due late 26 or early 27. Consultant who will sign off on the MRE is already engaged and very involved.

Gazzards results in a couple of weeks or so. If we hit up there the prospect/reality of a continuous 6km of resource flowing from the edge of the intrusion would be another step change.

Ironclad is yet to start but soon. We will be drilling from the South East.

Pete as always was very excited about the rocks, much of which goes way over my head. And the strategy going forward.

Pete proud of the team he's assembled and the execution.

Thanked him for the effort and in particular the news flow (or as Andrew calls it the drumbeat).

GLTAH!