Targeting of high-grade stopes in the December quarter resulted in a particularly productive period for Eloise. Drilling at Jericho continues to improve and extend the boundaries of known mineralisation. Successful delineation of economic mineralisation at the Matilda North area could facilitate rapid ramp-up with mining fronts opened up both north and south of the Elosie-Jericho link drive. Development of the link drive remains ongoing with 685m of a planned 3,000m total distance completed to date. We maintain our Buy recommendation and $0.60 valuation.
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