Ann: Thick Lithium Bearing Pegmatite Intersections at Manindi, page-41

First 41 Last

Share
Profile

Follow
Understatement

548 Posts.

158

16/05/22

13:39

Post #: 61432246
Share

Originally posted by Weally: ↑

"Grade only comes into play when a resource is known". Well that's blatantly false, grade is critical at every step of the exploration process. If MLS don't find significant grade they will stop drilling it further, resulting in nil JORC definable resource.

The below information is based off spodumene not being present (which is supported based off what the company MLS is saying, the assay grades of Li and Rb and the RC photos):

I can tell you now with 99% confidence you won't get large intercepts over 2%, sure maybe a 1m intercept here or there. But the mineralogy simply doesn't allow for that. Lepidolite has a Li mol. wt% of 3.58%, and Li2O oxide wt% of 7.7%. You need the whole rock to be composed unanimously of lepidolite for a Li2O grade of ~7%. You simply do not find pegmatites consisting entirely of mica because again, it breaks the rules of geochemistry (Bowen's reaction series if you would like to understand why). Looking at MLS's previous results of ~1-1.2% across 16m, you can assume lepidolite makes up ~15% (1.2 / 7.7) of the whole rock composition of the pegmatite. However, there was a 3m section at 1.65%, which represents a higher grade zone, so this section was ~21% lepidolite. For grades greater than 2% Li2O, you would need upwards of 26% lepidolite - which I'm not saying isn't possible, however based on the current known data, MLS's higher grade zones are closer to the 20% lepidolite composition. The rest will be quartz, feldspars, other non-Li bearing micas.

The 1% comes from if there is a spodumene dominant pegmatite deeper in this system which could yet be proven.

Expand

Hi,

I wonder if management considers acquiring an Exploration licence north-west of Kultarr / Kultarr North when/if it is available for purchase.

It seems that the pegmatite trend goes from North West to South East.

Does anyone know if the EL is available or if owned by another explorer/mining company?

There may also be more pegmatite found on MLS ELs to the South East.

Let's see what the drilling results reveal.

Thanks

K

MLS Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

QHL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

C29

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

PFE

Pantera begins drilling of maiden test well at Smackover

There are more pages in this discussion • 232 more messages in this thread...

First 41 Last

Add MLS (ASX) to my watchlist

(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $17.45M

Open	High	Low	Value	Volume
2.5¢	2.5¢	2.4¢	$8.954K	358.3K

Buyers (Bids)

No.	Vol.	Price($)
1	36665	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	905001	3

View Market Depth

No.	Vol.	Price($)
1	36665	0.024
5	508503	0.023
6	2019781	0.022
5	1285316	0.021
9	1462055	0.020

Price($)	Vol.	No.
0.026	905001	3
0.027	125000	1
0.028	263338	3
0.029	18000	1
0.030	859052	4

Last trade - 15.33pm 07/11/2024 (20 minute delay)

MLS (ASX) Chart

Ann: Thick Lithium Bearing Pegmatite Intersections at Manindi, page-41

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Pantera begins drilling of maiden test well at Smackover

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Thick Lithium Bearing Pegmatite Intersections at Manindi, page-41

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Pantera begins drilling of maiden test well at Smackover

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News