PLS Iron Oxide Content, page-29

Yes I got a response to the same effect from Ken last night.

He is a man that is generous with his time and good at explaining things for the average person. As such I went away and did my own research.

So let's go through the steps. Our resource has a global iron oxide grade of 0.69% which in the most recent resource upgrade announcement is broken down into all the zonations of the ore body and their measured, indicated and inferred categories. Pretty transparent right? It also shows that their isn't homogeneity across zones and we will see variables.

So from their we move to our reserve category which has a global grade of 1.08% from announcement late last year. As mentioned above this is to allow for dilution as fringe elements are dragged in during mining as the ore is dug up (or red dust blows around the Pilbara). But isn't this what someone tried to accuse Ken and PLS of having not done in their reports and as such they were contravening JORC law? Hmmm.

Thirdly we have iron oxide content in concentrate. This was explained yesterday without Ken's clarification. If you upgrading lithium content from 1.5% to 6.2% it become intuitive that iron oxide will also be concentrated in content.

Now (apologies I can't cut and paste right now) if people want to go back all the way to 2016 DFS and look at the process flowsheet it has a unit titled LIMS and one titled WHIMS. These stand for Low Intensity Magnetic Separation and Wet High Intensity Magnetic Separation. i.e a two part iron removal. But weren't we told last night that this is extremely expensive, hard to do and slow and no way China processors would do it. Hmmm again.

Let me leave you with a hypothetical story:

If you were a jury member in a court case for let's say poisoning and there were two expert witnesses called that gave the same evidence which was contrary to the lawyer's position and the lawyers response was essentially "I don't care what you say it's a problem" and "Even the experts get it wrong sometime" which way would you be deciding the case?

And on that note I rest my case.

Let Ken and the team do their job and finish commissioning and in my opinion this will be a non event.