Olivut looks to stay the course at its 100-per-cent-owned HOAM diamond project in the southwestern Northwest Territories for yet another year -- if engines at full stop and anchors aweigh can be deemed a course, that is. The company was a regular driller in the area between Fort Simpson and Great Bear Lake for several years, and it found a few dozen kimberlites with a smattering of microdiamonds, but exploration cash dried up in the early 2010s.
While Ms. Keough, the company's founder, president and chief executive officer, has been paying annual homage to a series of drill-worthy targets since then, Olivut has been paying little else on the property. (In its fiscal year ended Oct. 31, 2023, the company spent just $18,630, almost the same sum that it shelled out a year earlier.) And yet, Ms. Keough still spins her HOAM tale as though next year could be the one in which the inaction may change.