Recent drilling results have confirmed mineralisation down plunge of the previously worked Ming Mine. With a third rig scheduled to commence drilling in May, we expect resource growth and near mine exploration activities to increase. Geophysical programs will be used for regional targeting within the broader Green Bay mineral package. Argonaut has assembled a 3D geological model using FFM and historical datasets for monitoring and modelling of future drill results. We will progressively update this model as new results are released. FFM’s Green Bay shows promise for an upscaled mine with a +45ktpa copper production profile. Resource expansion during the next 18-24 months will be key to underpinning future studies. Additional drilling results from previously undrilled areas, a potential uptick in the copper price or sale of Pickle Crow could all act as share price catalysts in the short to medium term.
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