As many have mentioned this is a very good result ... and to me we have likely confirmed a second a massive occurrence of Lithium in Spod albeit 1 hole in Carriere De l'este so far. So doubled the resource? Probably but drilling will need to confirm.
Speaking of which this is the next catalyst for share price growth. The start of Phase 2 drilling is schedule for early in Qtr 4 and Qtr 4 starts in 12 Calendar days (or 9 trading days) I expect investors who do not already have their fill will get set in the weeks leading up to Phase 2 starting. Then expect a constant stream of 200m+ intersection to be reported to market. I would expect 4-5 drill rigs to be operating perhaps simultaneously on the 2 areas of thickest intersection (Roche Dura and Carriera De L'este) The next 3 or so months looking exceptionally bright on the news front.
Key takeaways :
1. Possible world record true width thickness of Li20 at very edge (South western) of Carriere de L'este peg
2. Starts almost at surface (little weathering)
3. High peak grades to 4.69% , 4.65%, 3.51% 3.94%, 3.40% of Li20
4. Resource is mostly contained in Spodumene (no mention of lepidolite and little mention of mica)... Great
5. Orientation is the same or similar to Kitotolo (So same system? ...are they connected underground?)
6. Lithium in Spodumene - Large Spod crystals present
7. Peak grades of Tin are above 5000ppm ... Tin seems relatively evenly distributed across the intersection
