It baffles me some people still let themselves be fooled by the manipulators/accumulators this morning.
The next resource upgrade could be easily be double the resource that PLS has. But KDR has only scratched the surface.
Take a look at the ASX announcement on 5th July 2016 to see for yourself how big the lithium resource at the whole of Mt Holland. Pay attention to the images provided in the announcement. All the pink colour dots are lithium hits with hundreds of drill-cores at Texas, Prince of Wales, Bounty, Van Uden, Tasman, and now also include the 2 tenements bought from WSA too.
This is no doubt the biggest lithium resource in the Australia.
Some of the highlights from the ASX announcement on 5th July 2016: Review highlights Mt Holland’s outstanding lithium potential
Review confirms Mt Holland is a substantial mineral field with numerous pegmatite occurrences in drill intersections in addition to the gold potential.
Typically large deposits are found among clusters of occurrences.
Almost 3000 historic drill holes at Mt Holland have intersected pegmatite; Around 250 of these intersections were within 5m of surface.
Seven pegmatite targets have now been identified and Kidman is preparing to drill test the priority targets based on their thickness and depth from surface.
Bounty area: 222 holes have intersected pegmatite, making this area an attractive target with abundant individual pegmatites. The target area is 1.7km north-south and 600m east-west in size
Prince of Wales: 86 holes have intersected pegmatite. This target is 340m wide in an east-west direction and 2.2km long in the north-south direction
Texas: this pegmatite has a strike extent of 6.3km, in comparison to the current Earl Grey resource of 1.4km strike and 0.9km width. This area has many lithium hits near surface. This area of lithium could be twice bigger than Earl Grey resource.
Van Udene and Tasman: The Van Uden North and Tasman targets (on a granted Mining Lease) represent wide pegmatites and are attractive targets but both occur deeper than the other targets
The 2 tenements bought from WSA are literally separated from Earl Grey and Bounty by a fence or a boundary draw-line. There is no doubt there will be more lithium found there by current drillings ongoing. Lithium has been there for tens of millions of years and there is no reason it stops at the fence by someone from the WA mining department simply drawing a boundary line on the sand (surface).
When you look at the picture of Mt Holland in ASX announcement, you will also see a big area with hundreds of pink colour dots (representing drill-cores with lithium hits) immediately south of Earl Grey. This area is 2-3 times bigger than Earl Grey but has not been named.
My conviction is: there is still so much lithium at Mt Holland. Regardless of next resource upgrade is 280million tons or 300million tons, we are only scratching the surface. This whole Mt Holland could hold potentially more than 1billion tons of lithium ores, and higher grade than PLS's resource grade too.
So, make sure you go and read the ASX announcement on 5th July 2016 and other announcements too.
