Its routine for exploration companies to announce the results of ground based geophysical surveys, they aren't cheap to do or interpret, especially if the results are able to be modelled and the electrical responses discussed with modelled depths and dimensions and dips.
Especially if the company is going to commit to drill these targets, because if these weren't announced and they went drilling, then everyone would be asking what is the justification for this drilling?
Nickel is around $16K-$17K AUD per ton, price of Nickel hasn't dipped below $14K for 7 months now so your pricing info must come from a different source than me or be out of date.....
Ann: New Large 20,000S EM Target at ZAC Project, Karratha, page-11
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