Yes exactly, I acknowledge what you and dazed are speaking about, it seems the depths and widths of the RDT Li bearing pegmatites are more suited to the underground mining and following those channels that are still open at depth. It’s also dependent on Lithium pricing and all sorts of things whether it gets mined. Right now the sentiment is strong so clearly the market likes it regardless.
As with our early data and the changes close to the Ida fault line, it does appear the pegmatites are at a shallower depth due to the structural changes of the geology closer to the fault. Which is definitely positive when it comes to potential mining since it is a lot cheaper to get out of the ground! I would have to have a closer look at the geology and await further data from the RC drilling program but early indications seem good.
For example, in every drill hole (MAD181 - MAD187) except for MAD184, the pegmatite bands have come in relatively shallow. Respectively, from depths of 40.5m, 10m, 12m, 40.5m, 14m and 50.5m. This is a different situation to what has unfolded in the RDT ground as these intersections are much deeper.
Obviously with everything that has happened to date, OzBlue has very negative views of management and SGQ, which I can definitely understand! It’s been a rough 2 years. However, I do appreciate Ozblues rhetoric and views as this poster has been correct quite often in their analysis. It would be great to have an opinion regarding the geological nature of the pegmatites and the potential here.
SGQ Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
(20min delay)