GREY:RNKLF - Post by User
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pierregon Feb 12, 2020 9:44am
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Specific Targets and Plan of Action for 1800km of Land
Specific Targets and Plan of Action for 1800km of LandSpecific Targets and Plan of Action for 1800km worth of Land. @CRUXinvestor interview segment with Paul Huet. Feb. 6th '20.
Video segment: https://www.youtube.com/v/uoNefJQ8Oek?start=1220&end=1323 Transcript by Matthew Gordon:
Matthew Gordon: « Can I just ask you about this 1,800 square kms of land package. Almost too hard to comprehend how big an area this is. But you’ve got lots of options in there. You have now got the availability of cash and you are producing free cashflow as well. Are you targeting any specific areas in there? And I ask this because you’ve got so many options elsewhere in the organisation. You’ve got to get focussed and you’ve got to help us understand what you think is important. »
Paul Huet: « Sure. So we have Baloo – we’ve just got the second permit to extend to Phase II that we talked about. We just did some recent drilling at Fairplay. We just did the pre-stripping; that’s very fresh and new.
If you look close to the plant, we have the Two Boys target there. We have the Poseidon South. We have the Graveyard, the Mitchell…Afratai, Challenger, and then more Paeleo channels. So look, on top of the 5kms, we have a series of areas that we are going to be targeting, and predominantly in 2020, we are going to be mining Baloo and Fairplay. plus the Beta Hunt, obviously.
You can see, and this is constrained too, so that 5kms strike that is directly North of us, will likely get holes in it. We have larger priorities. We have unlocked so much potential here. »