Petra offers an exceptional growth profile, with a core objective to steadily increase annual production to 5 million carats by FY 2019. The Group has a major resource base in excess of 300 million carats.
Galoc field Operator Otto Energy has progressed technical studies which have provided a greater understanding of the Galoc main field area (currently being developed with four wells) and the exploration potential recognised in the Galoc Mid and Galoc North Areas.
The collected core samples have been systematically processed and shipped for certified analytical assaying and physical rock property test work to support NioCorp's corporate objectives for the project.
Julian joined Legacy Iron in March 2014 and in the last five months has established a clear future growth strategy and plan for the Company and in doing so, has positioned the Company for its next phase of growth.
The RBD1 conductor was identified from Moving and Fixed Loop Transient Electromagnetic ground geophysical surveys. RBD1 is a broad, deep conductive anomaly located at the junction of three interpreted faults and a mafic/ultramafic rock sequence.