Why has drilling of Underground Sulphide Targets SuspendedThere are three or more significant sulphide targets below the floor of pit 4.
One of these....much deeper than its drilled extension....has a magnificent intercept of 75.5m at 2.77 g/t.
Yet, infill or exploratory drilling has not yet been a priority despite the fact that additional sulphide ore would greatly enhance the feasability metrics of the Biox conversion.
This has always bothered me .
It Is obvious of course that additional oxide ore has now been discovered and mined at Peranghi.
This Is Much cheaper than financing the addition of a Biox facility to process sulphide ore.
In fact, Its my view that management have not given the Sulphide conversion much priority because of the emerging size of these new oxide discoveries.
Q1 will provide the answer to some of these questions , given that additional close spaced drilling of high grade zones has taken place since May along with intermittent mining of shallow high grade ore and continued configurations of more mining benches.
Undoubtedly, the suitor, whomever that may be , is also waiting for those results