GGG Resources (LON:GGG, ASX: GGB) told investors that a new JORC resource update will be signed off shortly for the Bullabulling project in Western Australia.
This morning, alongside its joint venture partner Auzex Resources (ASX:AZX), the company said that discussions are at an advanced stage with its consultant Snowden and preliminary optimisation studies have been completed.
A final sign off on the resource estimate classification is expected shortly.
Once this is signed and rubber-stamped, the partners will release a JORC resource statement, based on 34,800 metres of Phase One drilling.
The second phase of drilling is already underway, and so far more than 18,000 metres have been drilled.
The initial Phase Two drilling results are currently being reviewed. GGG said the results will be published in due course.
Results from this Phase Two drilling programme are now being reviewed and an announcement summarising results to date will be made available in due course.