Running discussion on SP, page-1300

I'll have a crack at a maiden JORC:

Program for 20,000 metres drill by end June 2018 (as the next 20,000 metre of the 40,000 metre drill program will happen after 30 June IMO).

Appears they are drilling beyond 300 metres with minimum 230 metres of spod normally reported, with grade roughly 1.5% Li20.

At 310 - 320  metres per drill, gives us 64 drills.

The term homogneous lends itself to 75 metres spacing so 4 across (200 metres), and 16 long (1200 metres length).

So:
200*230*1200*2.8 (gravity) = 155 mt in the measured and indicated category (excluding inferred because the majority of the depsoit will remain in the inferred bucket IMO) as maiden JORC.  What I expect end June quarter JORC.

Double that for the 40,000 drill program and that gets you to the 300 mt - 400 mt ore initial estimate been branded about by Klaus.  If more interested this is an outdated post on the theory of deriving these calcs.  Since this embedded post they have gone deeper in drills and spod is more than expected in the drills.
Post #: 31398217

All IMO