New drilling technique to cut millions at Admiral Bay

A prefeasibility study (PFS) into the Admiral Bay zinc project, in Western Australia, is expected to cost ASX-listed Metalicity A$30-million to complete, with the miner saying on Tuesday that the study would take about 18 months to complete. The new PFS budget has been designed using directional drilling by drilling one parent hole to a depth of around 1 000 m, before exiting the parent hole and core drilling daughter and potential granddaughter holes for multiple intersections into the high-grade zone.