Dalaroo Metals CEO flags ‘really good target’ at Watheroo ahead of drilling

we're pretty confident that, you know, we we've got a really good target for us to be uh to be drilling. Um, you know, it's 7 kilometers strike.

Hello, you're watching Proactive. I'm joined by Delaru Metal's CEO John Morgan. John, very good to speak with you. The new IP survey has really sharpened the Waru targets. What stands out most from the results?

Yeah, look it's uh it's really just a verification of the data sets that we've been gathering already. You know, we've uh, you know in the background we've been um, you know, soil sampling and mapping uh out this area. We've uh the soil sampling uh expanded the area by a couple of kilometers. Then we've sort of come through with this IP and it's really um bit down, you know, what we suspected in the beginning that we've got a a really good uh magmatic system that we uh, you know, that we're we're looking to draw them in the near future.

You now have coincident IP, magnetic and geochemical anomalies. How confident are you are you that you're closing in on a buried copper nickel PGE system, John?

Look, you know, we're we're pretty confident that, you know, we we've got a really good target for us to be uh to be drilling. Um, you know, it's 7 kilometers strike, you know, it's 3 kilometers wide. And this IP is really just sort of uh given us the the dip of what we suspect is the all body. Um, so we um, you know, we we've got some planned drilling that we'll hope to start drilling in uh early January next year. Uh, you know, after we get some co-funded drilling uh with the state government going.

You're planning RC holes of around 300 m. What will the first drilling at Waru be looking to prove?

Look, it's really about the mineralization. The IP has uh has confirmed what we suspect that, you know, the the the all body probably starts about 150 m. uh and then we'll look at at drilling it and testing it to uh to expose for mineralization.

You're also drilling the Goldridge project at Bonduku in Codevoir. What are you hoping the Maiden program will deliver?

Look, uh similar similar to we've had uh, you know, the last six months over in Code at the Bond gold project. We've been doing uh really good uh geological field mapping, you know, we've done some soil came uh and then we've uh also done uh some auga drilling. and that's really sort of all over lied uh overlaying on the uhal magnetics that the state government has done and then, you know, we have come in with our our drilling and we're really expecting that to uh show up that the mineralization is down at depth uh and a long strike. So, you know, really exciting times at the Bond gold project.

So, I mean with drilling underway at Bonduku and Waru moving towards drill testing, what are the key news flow milestones investors should watch for next John?

Yeah, look, it's a pretty heavy uh back half of the year for Delaru. Uh we've finished all our expiration activities in Greenland. Uh we've got uh 300 odd samples coming back from Greenland as we speak and we should start having results from that program come through uh, you know, at the later half of this year. And then, you know, so there there'll be a a real steady news flow coming out of our our Greenland project. Uh Bonduku uh gold project. We should start seeing essays coming through, you know, in the next sort of four to six weeks. Um, you know, so really exciting times, you know, a long strike and and down at depth. And that will really uh been, you know, that project. And then obviously, as we head into the new year, you know, we'll we'll start looking at uh the weather root project and uh getting that initial sort of um program drilled there. So, really, really pretty heavy back half of the year for us here.

I hope you'll keep us updated on progress on all of those projects. Thank you very much for your time today.

Yeah, pleasure. Thank you.

That's Delaru Metal's CEO John Morgan.