MOD Resources exploration programme in Botswana is going into overdrive in 2018.
The latest announcement from MOD is very encouraging (see here).
- Widespread copper zinc soil anomalies to be drilled and tested
- Revised resource estimate on track
- Drilling T-Rex continues
- Drilling wider T3 dome later in Q1
The PFS for T3 is due to be issued within the next 4 working days (4 days when exclude Australia Day).
The price of copper has increased since the last report, with the increase in resource and using a copper price of c$3 the NPV for the T3 prospect should significantly increase.
Investors will be taking their positions ready for the release of the PFS. The PFS will not be released on the 26th January as Australia Day so has to be issued early next week.