Rudall

[Bamps21]

From Sunday Roast podcast
Shaun talking about Rudall

- A positive piece of news, we now have a grant around the Rudall tenement in the Paterson, think of it as part of the Havieron opportunity
- It’s to the south of Hav and we plan to get drill pads out there this year or early next year at the latest, present intention is to do this in the back half of 2022
- Have some high priority targets there and for this kind of regional exploration you try and set out a coherent program and demonstrate some potential so you can potentially access some dollars as the government does want to see regional development, it was there and helps us prioritise the Rudall tenement which is great for shareholders.

* Any idea of the size of the tenement, any previous drilling or gravity/magnetic surveys etc?
- Been a number of previous surveys in the past and that’s how we’ve effectively prioritised our targets so we have a good understanding of the gravity and mag formations
- Similar to Scallywag in terms of tenement size, a very meaningful footprint as you do in these remote areas where you tend to get pretty sizeable blocks and we have a number of targets the geo team have prioritised
- We’ve got some grav and mag targets there as good as at Hav, but I always tend to think it’s very hard to rank your targets in exploration under cover
- You can rank them, but at the end of the day you have to systematically test all of those targets and anomalies
- You can have targets that look better on paper than Hav but they aren’t when you drill them and of course Hav took 45 years to discover post Telfer because even though it was an anomaly, it never quite percolated to the surface
- No substitute for the structure of a disciplined program but clearly there are a couple of targets we wanted to prioritise hence we put in an application to drill this season.

[Bamps21]

This is the Rudall licence with the Ramses bullseye target.
The target is about twice the size of Havieron.

[Bamps21]

A rough comparison with Scallywag
Scallywag
West to east length c20km
North to South c12km

Rudall
West to east c24km
North to south c18km

[Mremc2]

Do they drill right in the centre of the bullseye or the side to hit first drill hole? Right of centre could be lucky again!

[Bamps21]

Ramses is deep under cover and the mag survey shows it to be deep.
Callum is expecting the top though to be higher than the survey suggests.

RC drilling can go in vertical to about 600m but diamond drilling that depth would need to be angled

[jecsggp]

Looking interesting on todays drill result. We know depth is minable but viable only if we find enough metal.