Past year: ▲ 24%(29.5c – 60.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Dec 2022drilling result▲ GoodMajor
Northern Fold lead-silver holes returned wide intercepts: 27.0m at 4.9% lead and 96g/t silver in MRN22002W2, and 27.5m at 3.0% lead in MRN22002W1. The company says the zone may suit bulk mining, subject to further work, and it remains open down plunge.
24 Nov 2022drilling result▲ GoodMajor
MRN22001 hit 19.2m at 1.83% copper and 1.58g/t gold, within a 122.6m zone averaging 0.55% copper. Re-sampling of historic MRN12004 gave 91.8m at 0.88% copper. Gold-only hole MRN22004 missed its target; a follow-up is planned for 2023.
19 Oct 2022drilling result▲ GoodMajor
First assays from MRN22001A: 33.6m at 0.28% copper and 0.59g/t gold, including 11.0m at 0.51% copper, plus 4.4m at 1.07% copper deeper down. Management says the results support the geological model. Follows the September visual-only update; MRN22001 assays due.
20 Sept 2022drilling progress report● Neutral
Re-release of the 15 September visual drilling update with a JORC table attached. The content is the same: visible copper and lead-silver in MRN22001A, with assays due by the end of October.
15 Sept 2022drilling progress report▲ Good
First hole MRN22001A finished at 801.7m, showing visible copper and lead-silver mineralisation by core inspection only. Assays are expected by the end of October, and the daughter hole is still drilling. These are visual observations, not grades.
8 Aug 2022drilling spud▲ GoodMajor
Maiden drilling started at Maronan, the first since 2014. Two copper-gold holes and one lead-silver hole are planned. The copper-gold holes target zones above a historic hole that hit 27.8m at 1.9% copper and 1.6g/t gold.
27 June 2022drilling scheduled▲ Good
Drilling at Maronan is on track to start in July 2022, with a rig secured from DDH1 Drilling. This keeps to the start timing projected in the prospectus.
