So the PEA figs are based only on 26mt! NOT the 45.2mt as under...

So the PEA figs are based only on 26mt! NOT the 45.2mt as under ASIC rules can only use 75% of the "measured" for the PEA calcs & 75% of indicated & 25% inferred. I think (if I understood right).

So the PEA potentials $$$, are way down. It seems these figs based on 75% measured, 0.43Mt= .3225, plus 75% of 29.70mt indicated= 22.275mt, and the inferred 25% of 15mt= 3.75mt

75% of the Measured, which was bugger all the .43mt= 0.3225mt.
75% indicated, 22.275
25% INferred, 3.75mt

total 26.3475mt only used in PEA calcs. so 45.2mt over 26.3475 = 171.55% potentially better results here!

Abstract from the PEA pg 3 under Exec Summary;
The Colina Project PEA, made up of 45.2Mt (includes 0.43Mt @ 1.34% Li2O " Measured " they can only use 75% + 29.7Mt @ 1.37% Li2O Indicated they can only use 75% + 15.0Mt @ 1.22% Li2O Inferred they can only use 25%. PEA Based on only

OMG! if I'm right in my assumption, then basically, these figures are down 71.55% of what they should be. "I'm listening to CG's podcast as I type....

If CG off sold the Cloud Nine Halloysite Project! Would cover some/ or most construction costs! I have forgotten what it was worth. 100 Mil?

Seems in October- an announcement of an expression of interest decision. 3 new interested parties on board unnamed. So that's about a dozen now! & CG is hoping to get some funding from that offtake. Plus, Brazilian managed funds. & he aims to use very little equity so no watering down.

11 rigs still drilling! All way to end of year & looking to increase into 2024. Plus planning more infill at Colina from inferred to indicated & measured. Plus more drilling elsewhere still going on! Is talk possibly strip ratio may get better when they know more.


Great pod cast! I'll keep holding!