AZY has been in retreat of late, going through some consolidation and in response to raising money before they needed to. But, at least they won't be going back to the market for at least 2 months to upgrade the coffee machines again.
Next batch of drilling out, with still 50% in the lab to be announced. Looks OK and is going to expand and improve the resource by the end of the year. Certainly looks like it will be well over 3Moz Au.
If you look closely at the cartoons you can see that the Scoping Study pits do not include a lot of the extension drilling so the project is going to be much larger. Potentially one giant pit perhaps 4km x 2km pending infill and pit design.
Having said that, there's a ton of holes that have brought up dirt. At least they're learning where not to drill again and vector in on the higher grades.
With the Telfer ROM stockpile reducing and pretty low grade, this is a no-brainer add on to GGPs claims over Paterson.
Next MRE upgrade planned for Sep.
PFS not due until Jun 26, so we all might be dead by the time this gets into production. If this was in West Africa it would be in production by now.