Exploring Opportunities: Out and About Couriers

Are you on the lookout for a golden business opportunity in Kalgoorlie-Boulder? Look no further! Out and About Couriers, a family-owned courier business, is now on the market, offering you the chance to step into a legacy spanning 11 successful years.


Reliability and Trustworthiness

Out and About Couriers has etched its name as a reliable and trustworthy partner in the local courier industry. Over the years, the company has built a solid reputation for delivering parcels with precision and punctuality. This stellar track record has not only secured a dedicated customer base but also positioned the business as a go-to courier service in the community.

Serving a Wide Spectrum of Clients

One of the key feathers in the business’s cap is its diverse clientele. From mining suppliers to commercial establishments, from local businesses to individual customers, Out and About Couriers caters to a wide range of clients. This diverse portfolio translates to consistent revenue streams, making it a financially stable venture for any potential owner.

Strategic Advantage

Nestled in Kalgoorlie-Boulder, the business enjoys the advantage of being situated in a thriving economic and mining hub. This prime location not only streamlines the logistics but also opens doors to numerous growth opportunities. As the e-commerce landscape expands and the demand for efficient delivery solutions rises, the business is well-positioned to tap into these emerging trends.

Seize the Potential for Growth

With the current surge in delivery demands, the potential for growth in the courier industry is remarkable. By taking the reins of Out and About Couriers, you’re not just acquiring a well-established entity; you’re also stepping into a world of untapped growth potential. This is your chance to leverage the existing foundation and soar to new heights.

A Family Legacy and Community Bond

Out and About Couriers isn’t just a business; it’s a family legacy nurtured over the years with care and dedication. The sense of community runs deep within its ethos, reflecting the values that the business has been built upon. Customers aren’t just clients; they’re an extended family that has contributed to the success story of the business.

Your Opportunity Awaits

If you’re an aspiring entrepreneur seeking an established business with a strong foundation, a loyal customer base, and promising growth prospects, this opportunity is tailor-made for you. The sale encompasses all operational assets, customer relationships, and intellectual property, ensuring a seamless transition for the new owner.

In conclusion, the chance to own and lead a well-respected courier business like Out and About Couriers is a rare find. With a stellar reputation, diverse clientele and potential for expansion, this venture encapsulates the essence of a solid investment. Take the reins and continue the journey of Out and About Couriers.

For details – email admin@outandaboutcouriers.com


Ardea Swap To Benefit Access

Ardea Resources has acquired key tenement areas that provide access to Goldfields Highway and the Leonora Kalgoorlie railway in a deal with Brightstar Resources.

The swap of tenements gives Brightstar the gold exploration tenements within the northern sector of the Goongarrie Hub. This transaction also was completed without direct cash payment or equity issued.

Managing Director and CEO of Ardea Resources, Andrew Penkethman pointed out the positive outcome and the benefits of the access to major thoroughfares:

“Ardea and Brightstar have worked together to deliver a positive outcome for both companies. The key benefits of this transaction for Ardea are the extra land area around key Goongarrie and Highway production mining leases. This will enable the optimum detailed mine design for the upcoming Definitive Feasibility Study and will include increased direct access to the Goldfields Highway and rail line, and shorter haul road distances from satellite pits to the Goongarrie plant site. Of particular importance, the extra land area allows the extension of the width and depth of open pit mine designs to facilitate safer and more productive ore movement. Also, waste rock landforms can be better designed with final site rehabilitation optimised.”

One particular Ardea tenement at Ghost Rocks – E29/981 was transferred for Gold and Lithium rights only with Ardea retaining all other mineral rights. While Tenement E29/1062 is with Ardea for infrastructure rights on the southern half only. Other rights and holding remains with Brighstar.

Riverina Decline Advancing At Forecast

The decline advance rate at Ora Banda Mining’s Riverina Underground development is progressing in line with forecast after the underground portal was established last month. The total advance is at 225.7m as of June 25 2023, with the main decline at 194.3m and a further 31.4m in other development according to the company today.

Jumbo at Ora Banda Mining’s Riverina Underground boring out the face. – Supplied.

In other areas of Ora Banda’s operations updated to the market today, Crushing circuit downtime will affect Q4 guidance by around 14%. The previous stated guidance of 14,000oz is now more aligned to around 12,000oz. The repairs and maintenance are ongoing with an expected operational date for the crushing circuit of July 1 2023.

All was not lost though for Ora Banda with an increase of over 40% for Q4 oz produced compared to the average of the previous three quarters via open pit mining. Managing Director Luke Creagh was disappointed with the downtime, but seemed optimistic overall. “Whilst the crushing circuit downtime is disappointing, it is a short-term impact that is not expected to have any long-term implications to the business. We expect the current circuit to be fully operational by 1 July 2023, and the previously announced crusher upgrades in FY24 will ensure the crushing circuit is no longer a bottleneck to performance.” he said. 

Development is commenced with Byrnecut Australia in May 2023, with the portal established mid May 2023.

Industry Link Media covered the maiden resource announcement by Ora Banda Mining here: Recap of Maiden underground resource announced by Ora Banda here 

Gold jumps almost $100 in wake of Crypto Crash

Gold has skyrocketed almost $100 from $2547.07oz at the start of the month to $2642.91oz just after the ASX opened today. 

The Price peaked at $2670.84oz on Friday, after a sharp upturn. 

Northern Star Resources saw a share price increase of 8.5% to $10.24 as a result of the gold price increase. 

Evolution Mining also saw an increase on the ASX, increasing from $2.16 to $2.62. 

De Grey Mining increased from $1.12 to $1.29. 


The sudden increase coincides with the cryptocurrency crash when the crypto price fell from $20,846.07 on Tuesday to just $15,854.15 on Wednesday.  


Though cryptocurrency and gold haven’t historically been linked, the biggest fall since November 2021 might see a shift from cryptocurrency back to gold investments.  


It seems the jump in gold correlates with the uncertainty of the US midterm elections, held on Tuesday, which is currently tied at 48 seats each after almost a week. 


At the same time, New York’s Dow Jones (which sits 15 hours behind the AEDT gold price), reacted to the gold price, falling from 33,160.83 points to 32,513.9 points, before recovering again by the end of the week. The S&P/ASX 200 followed the lead of the Dow Jones, falling on Wednesday from 6,999.30 points to 6,964.00 before also rising again to finish on the monthly high of 7,158.00 points 

Operation Nets Drugs At FIFO Airport

This morning Leonora Police alongside Kalgoorlie Detectives and Canine Unit, seized cannabis as part of regular checks on regional airports, targeting drugs on FIFO flights. The police canine identified several bags from the operation and had Leonora Police spreading the message via social media today “If you are visiting Leonora, don’t risk bringing drugs with you. It will cost your job.” it posted. Similar operations have been conducted at regional and major airports in the past, netting results for illicit and prescription drugs and steroids.

Northern Star Set for May Reserve Resource Upgrade

ASX 100 Miner Northern Star Resources has delivered its March 21 quarterly activities report noting strong progress to a May Reserve resource upgrade – Which Managing Director Raleigh Finlayson mentioned on a conference call to “watch this space”. Whilst reporting that factors such as 14 day mill shutdown at KCGM modernising mill control systems, Unplanned maintenance at Thunderbox on the mill motor and lower head grades at Pogo 

Northern Star reported underlying free cash flow of A$97 million at an average realised price of A$2,222 per ounce 

Highlights from operations included 

Yandal – Jundee  Development advance was especially strong in March with a new monthly record for jumbo advance of +2,000m. 

Yandal – Thunderbox – Investment continues in a large, shallow single-stage cutback adjacent to the mill. 

Kalgoorlie – KCGM – The new underground portal was successfully cut in the “Super Pit” with development currently advancing. This is located in the Western Wall and is the first new underground activity on the Golden Mile in decades. 

A CAT 793 hauls up a ramp at the KCGM Super Pit

Kalgoorlie – Kanowna – District milling optimisation has commenced, with 24kt of Mt Charlotte ore successfully treated at Kanowna Belle, resulting in a >3% recovery improvement to 87.5%. 

Kalgoorlie – Carosue Dam – The mill delivered record quarterly throughput of 887kt. 

Pogo – The ongoing focus is accelerated decline advance to enable access to additional stoping horizons and set up diamond drill platforms to further grow the Pogo Resource. 

A new strategic road map will be presented in July. Executive Chair Bill Beament said “We have overcome a few one-off events to ensure we remain on track to meet our annual guidance This is a huge credit to our team and also reflects the underlying quality of the assets. “ 

“In addition to this achievement, there has been enormous progress made behind the scenes on several fronts. This includes the extensive exploration campaign, which will feed into the May Reserve and Resource update. This will in turn be a central plank of our Strategy Day in July.” he said 

Morning News Bites – November 6

Gold and the US Election.

It would seem the gold market has factored in a win to Biden in the US elections with the price of gold rising by about US$40 in overnight trade (Australian time).  The Aussie dollar has risen against the greenback to ~US72.6c, which gives an Aussie gold price of ~$2,680.

As I type this Trump is giving a media briefing at the White House where he is claiming that the election has been rigged.  He claims it has been stolen from him by fraud.  This would seem to flag that more court challengers are on their way if, as expected on current count, Biden wins the required 270 Electoral College votes.

The Dow Jones Index also had a good day and rose 542 points indicating that it is not only the gold market looking upon the expected result favourably.  Given that Trump is sure to litigate in his quest to maintain office it will be interesting to see how all markets react to it over the coming weeks

Venture Reports on Results from Golden Grove North.

Venture Minerals (ASX: VMS) has released results from the first drill hole at Orcus which has intersected 33 metres of disseminated to semi-massive sulphides with Copper and Zinc at the Company’s highest priority VMS Drill Target at Golden Grove North. The sulphide intersection sits predominately within a chlorite-sericite altered sequence of foliated mafic volcanic which is a potential host for VMS style mineralisation.

Venture’s Managing Director commented “The first drill hole at Orcus has had immediate success with a strong intersection of sulphides containing Copper and Zinc. Venture eagerly awaits the assays to confirm the highly likely addition of both gold and potential silver mineralisation as it moves onto the next drill holes at Orcus, the Company’s highest priority VMS target at Golden Grove North.”

Venture has completed a visual inspection and preliminary hand-held XRF analyses on the RC chips and has verified the presence of copper and zinc within the pyrite dominated sulphides. Samples are being prepared for submitting to a laboratory for assay to confirm the observed mineralisation. X

The company claims the Orcus prospect already boasts a VMS style drill intersection of 22m @ 0.76 g/t Gold, 0.64% Copper & 1.3% Zinc from 38m to bottom of hole, including 10m @ 1.0g/t Gold, 0.74% Copper & 2.1% Zinc from 50m to bottom of hole, that sits on trend between the two recently delineated high priority VMS drill targets of Vulcan North and Vulcan West.

VRX Silica gets Aboriginal Heritage Nod.

VRX Silica (ASX: VRX) has announced the results of an Aboriginal heritage survey at its Arrowsmith North Silica Sand Project (Arrowsmith North) and Arrowsmith Central Silica Sand Project (Arrowsmith Central), located approximately 270km north of Perth, Western Australia.

The comprehensive archaeological and ethnographic survey was conducted last month with Amangu representatives of the Yamatji Nation and Yamatji Marlpa Aboriginal Corporation (YMAC) personnel over proposed initial mining and critical infrastructure areas.

Preliminary advice received by the Company from YMAC confirms that the Arrowsmith North Access Road, Services Corridor and Production Area are clear for the stated works to proceed for 10 years of production. The Arrowsmith Central Production Area and Arrowsmith Central Infrastructure Areas are cleared for 5 years of production.

VRX’s Managing Director Bruce Maluish said: “With the grant of Mining Leases for Arrowsmith North and Arrowsmith Central expected imminently, obtaining Aboriginal heritage clearance for our proposed works on both projects is an important step forward for their development.

“This continues our strong and supportive relationship and consultative approach with the local Yamatji Nation people and YMAC. We appreciate their efforts in progressing the conduct of the survey and report.”

Eagle Mountain Reports High-Grade Assays.

Eagle Mountain Mining (ASX: EM2) confirmed high grade assays from initial drilling at the Company’s 80% owned Oracle Ridge Mine Project in Arizona, USA.

Eagle Mountain’s intends to build a low-cost mining operation, which involves increasing the resource base both within the current mine area and in the near-mine vicinity. A surface diamond drilling program commenced at Oracle Ridge in early September 2020, designed primarily to target extensions of the high-grade portions of the existing NI43-101 Minerals Resources Estimate.

Assays results from holes WT-20-03 (upper part only) and WT-20-04 (selected zones) have been received and are reported as:  4.56m at 5.28% Cu, 50.7 g/t Ag and 0.77g/t Au from 184m, including 0.93m at 13.05% Cu, 127g/t Ag and 0.32g/t Au

Higher priority sections from four further drill holes have been submitted to the laboratory with assay results from three holes due in November 2020

Eagle Mountain Mining CEO, Tim Mason, commented: “This is an excellent start to our drill program at Oracle Ridge, which targeted zones outside the existing Mineral Resource Estimate (MRE). The intercept of 4.56m at 5.28% Cu, 50.7 g/t Ag and 0.77g/t Au, including 0.93m at 13.05% copper and 127g/t silver is outstanding. The mineralisation in this zone is unconstrained for approximately 100m to the east, with follow up drilling planned to test extensions in this area.

Our goal is to build on the significant high-grade copper MRE, to support a potential future mining operation, with these assay results reinforcing our view that there is significant mineralisation outside the existing MRE at the Project. The drilling program has been extended to the end of CY2020, and we look forward to updating the market with further results over the coming months.”

Lucapa Raise $10 Million to Expand Processing Capacity.

Lucapa Diamond (ASX: LOM) has received firm commitments from professional and sophisticated investors to subscribe for 181,818,182 fully paid new ordinary shares in the Company at an issue price of $0.055 per share to raise $10 million before costs. The Placement involved the issue of 54,824,075 free attaching unlisted $0.08 options, expiring 2 years from the date of issue.

The oversubscribed capital raising, was cornerstoned by Ilwella Pty Ltd, a diversified investment vehicle of the Flannery family office and by Safdico International, a leading multinational diamond company and subsidiary of Graff International. The Company also welcomed new institutional investors to the register.

Lucapa intends to use the funds from the Placement to commission an expansion in the processing capacity of the Mothae kimberlite mine from 1.1Mtpa to 1.6Mtpa (+45%). This should materially increase production, revenues and due to economies of scale, improve unit operating costs and deliver improvements to earnings. The investment in Mothae is expected to cost $8.5 million, with the balance of the funds raised, net of costs, to be utilised for general working capital purposes.

Managing director Stephen Wetherall commented; “We are extremely pleased with the strong support shown by strategic and institutional investors in the value accretive expansion plan formulated by Lucapa and the Government of the Kingdom of Lesotho, our Mothae partner”.

“The Mothae expansion should see a material increase in the benefits derived by the Basotho nation and to our shareholders”.


Todays Top Story – Australia Post CEO Christine Holgate Is Under The Pump, But Why?

Most people you ask wouldn’t know who Christine Holgate is and what she does. Those that do know of her, know that she has been a highly successful CEO at Blackmores and now at Australia Post.

But it would seem she is doomed to be the fall guy because four expensive watches were given to four people who pulled off what is being touted as a $1Billion deal with three of Australia’s big four banks.  Now when I say expensive, the grand total of the watches is reported to be ~$20,000, the expense pales compared to the extra revenue for the company and the dividend to its one and only shareholder, the federal government.

Let’s go back a step and look at what has happened recently at Australia Post.  Ahmed Fahour preceded Ms. Holgate as the CEO and was remunerated handsomely for his turn-around of the ailing service.  He recognised that parcel delivery was the way forward for the business (for a business it is now – not a service) and drove the company towards where it sits today – king of parcel delivery in Australia.  This was despite the best efforts of global companies wanting their share of the pie and failing to make the same impact Australia Post did.

He introduced higher postage stamp prices and slower delivery times, much to the chagrin of the Australian public but concentrated more on the lucrative parcel delivery.  As it turned out the results were stunning for the enterprise.

Not everyone took a liking to Mr. Fahour and one Prime Minister took exception to his salary and bonuses being more than ten times his own salary.  So, when Mr. Fahour departed from Australia Post it was decided that the next CEO would be paid a lot less.  Enter Ms. Holgate who left a lucrative role at Blackmores to take on the challenge of growing the business that had already grown extensively under Mr. Fahour.

Ms. Holgate joined Australia Post in 2017 and set about revitalising the ailing Post Office shops run by mums and dads around Australia.  These shops were integral to increasing revenue and Ms. Holgate knew that.  It came to be that a deal was done with three of the four big banks and these small shops were revitalised as they took on banking services, particularly regional stores.  So not only did this deal bring in a lot more revenue to Australia Post it gave a lifeline to struggling business working under the umbrella of the company.

As a result of this deal four people were given a bonus in the form of a watch.  I wonder if the same four people were given an equivalent cash bonus, or even triple the value, whether this would be even talked about?  Probably not, and there is no logic to it.  It is my opinion that given the size of the deal the $20,000 spent on watches was insignificant.  It’s taxpayer’s money you cry!  Technically yes, but without them doing the deal the government would be getting millions less as a dividend.  It was a win-win situation in my view.

I think both the government and the opposition are showing faux outrage on the issue as they try to outdo each other in clambering for the moral high ground in the eyes of the voters.  Behind closed doors they would be admiring Ms. Holgate’s business acumen to get the job done.

I think that Ms. Holgate has been thrown under the bus by the Prime Minister as he showed poor political judgement when he answered a question in parliament.  He stated; “She has been instructed to stand aside and if she doesn’t wish to do that, she can go.”  Maybe he has wanted her to go and this is the opportunity to make it happen.

This does not auger well for Ms. Holgate who deserves better than this.  More accusations of excessive spending have since surfaced, one in particular, her $34,000 hotel bill for nine months stay.  That is about $4,000 per month or $200 per night if you allow for 20 business days per month.  Hardly extravagant on a nightly basis.

If Ms. Holgate was not getting the job done and the business was going backwards, I could understand that people would be concerned, but when the business is growing and profits increasing it is hard to fathom the “outrage”. In isolation $20,000 is a lot for four watches.  When it is looked at as part of a $1Billion deal that will return millions to the government it is a trivial amount.

Tonight’s Top Story – Diggers Wrap Up, Award Winners and A Night To Remember.

Once again Diggers and Dealers is done and dusted and all that is left to do is shake off the hangover, process all the information that has spewed out and look forward to next year’s event.  This year Diggers nearly didn’t go ahead but the owners took a leap of faith and pencilled in the October dates and then worked their butts off to ensure it happened.  Congratulations to the organisers for bringing together a wonderful three days of presentations, displays and functions.

For me a couple of the outstanding presentations were from Mincor and De Grey who outlined really exciting projects that they are involved in.  They are two companies that people should keep an eye on as the projects advance.  That is not to say that all the other presentations weren’t good.  Quite the contrary as the quality of the presentations this year was high.

This year the forum seemed to have an extra buzz about it as people are very bullish on the mining sector at the moment.  The locals in Kalgoorlie Boulder are expressing more confidence in the sector as well and town is really humming at the moment.  There are many projects in the pipeline that the local council is working hard on and this is on the back of Lynas starting construction of their processing plant on the outskirts of the city.  If they all come to fruition Kalgoorlie and surrounds is in for a huge lift.

At the end of every Diggers they have a gala night and awards are presented in different categories.  The winners of this year’s awards are:

The prestigious GJ Stokes Memorial Award went to Ms Gina Rinehart.  The award is in honour of Geoffrey Stokes who started the forum in 1992, with 150 delegates.  Sadly, Geoffrey passed away in 1997 at an early age but his legacy lives on and also recognised in the naming of the award.  As an aside, on Thursday morning after Diggers, the City of Kalgoorlie Boulder laid a plaque in Hannan Street outside the Palace Hotel, the original home of Diggers, as part of their Walk of Fame program.

Ms Rinehart is the first women to receive the award, which is made to someone who has made an exceptional lifetime contribution to the mining industry.  Ms Rinehart took over the Hancock company in the same year Diggers started and has steered the company to be the behemoth it is now.  Her astute business acumen has seen her increase her privately owned assets immensely but has also allowed her to do successful joint venture projects that have increased the value of the company.

Another of the awards, Dealer of the Year, seemed to be a no brainer and was not a surprise when dual winners, Raleigh Finlayson’s Saracen Mineral and Bill Beament’s Northern Star, were announced.  This comes off the back of their respective companies each buying 50% of the famous Kalgoorlie Superpit within a month of each other earlier this year.  The purchase was a great boon to the local community and has instilled new confidence in the sector in the region.  Add to that their yet to be approved $16B merger and these companies have really set the pace in 2020.  They are both young and energetic, which augers well for the new merged company.

Ramelius Resources took out the Digger of the Year award after announcing a 420% increase in net profit.  This came from its operations in the mid-west around Mt Magnet, the Vivien Project near Agnew and in the Westonia Green belt, the Edna May mine.  Producing 230,00koz last financial year it was a great year for the diggers.

Exciting explorer De Grey Mining won the emerging company award for its work in the Pilbara and the discovery of the Hemi project.

Other awards were presented to Dominic Piper in the media category and Georgia Kerr who was presented with the Ray Finlayson prize for Leadership and Academic Excellence.

Congratulations to all the award winners and a big thanks to Myles Ertzen, Sharon Giorgetta and their team at Diggers for once again putting on a great forum and showcasing the great city of Kalgoorlie Boulder.

Morning News Bites – September 30

Morning News Bites for September 30. Hydrogen boom set to hit $11 trillion USD, national contact tracing network unlikely to be in place until 2021 and Trump is about to go head to head with Biden in the first presidential debate. 

TSC Limited announced the commencement of RC drilling at the Rover Project in WA’s Goldfields. Around 33 holes for 1,800m is planned, to test four main areas. The RC drilling campaign is designed to follow up on previous significant results. Notably, the focus is to test new anomalous gold results at the Rover Project, following on from TSC’s auger drilling and soil geochemical programs. Results to be released progressively over the coming weeks as they come to hand.

Superior Resources Limited reported an update on the second batch of assays from the Resource Drilling
Program at the Steam Engine Gold Deposit, located approximately 210 kilometers west of Townsville, Queensland. The results further boost the consistently strong intersections returned in the first batch of assays from both the Steam Engine and Eastern Ridge Lodes. The second batch of assays returned a thick, high grade gold intercept at Steam Engine Lode, with highlights including; 14m @ 4.9 g/t gold from 0m (surface), incl 7m @ 9.2 g/t gold from 7m and incl 1m @ 47.5 g/t gold from 7m. Upcoming revised Mineral Resource Estimate expected to be upgraded from current 1.27 million tonnes @ 2.3 g/t gold (approximately 94,000 ounces), followed by completion of a scoping study.

Initial reconnaissance fieldwork programs at the recently-acquired Jimblebar and Pincunah gold projects in the Pilbara region of Western Australia have returned positive results for Trek Metals Limited, confirming strong prospectivity for gold mineralisation. The fieldwork program comprised mapping and sampling programs across both project areas and included the reprocessing of geophysical data to assist with geological interpretation. This work delivered a series of maps that combined airborne magnetic and radiometric data, as well as aerial photography, topography and processed satellite imagery. In combination with historical drilling results, these maps were then used to prioritise targets for sampling programs and later interpretation.

Toro Energy Limited reported that the reverse circulation drilling programme at the Golden Ways Target Area on the company’s owned Yandal Gold Project has been successfully completed. The Project is located in the Yandal Greenstone Belt some 15km NE of the world class Bronzewing Gold Mine and some 50km east of the world class Mt Keith Nickel Deposit in Western Australia. A total of 35 RC drill holes for 2,416m were completed in the programme over the Golden Ways target area, being 416m more than the 2,000m planned. Geological assessment of the drilling program is now underway. Drill chip samples have been selected for geochemical analysis and sent to the laboratory for assaying. It is expected that assay results will be returned in October.

Sultan Resources Limited provided an update on results from extension soil and rock chip sampling returned from ongoing exploration programs at the Big Hill AuCu porphyry project in the Company’s Lachlan Fold Belt. The ongoing exploration program is designed to identify drill targets with high potential to host
porphyry-style Au-Cu and/or epithermal gold mineralisation across the three highly prospective targets at Big Hill, Ringaroo and Tucklan. Jeremy King, Chairman of Sultan Resources commented saying, “Sultan’s methodical approach and boots on the ground exploration strategy has again paid off, revealing Razorback Ridge: outcropping chalcopyrite, malachite, chalcocite with good gold over a kilometre long, and unreported by previous explorers. It is testament to the quality our now expanded ground position that such outcropping
mineralisation can still be discovered walking the ground half way between Cadia and Boda. Razorback adds even more compelling ingredients to our Big Hill Porphyry Target, giving us more confidence to fast track further exploration not only around Big Hill and Razorback, but at Ringaroo and Tucklan where we eagerly await IP and soil results, as we turn toward drilling.”