...and of the 10 samples, only 4 were any good. One of these had three other samples taken from exactly the same location and were all duds. Of the other 3 samples, 2 were from the same location.
Despite being unable to provide any details on how long or wide these 2 veins with "high grade" lithium were (or even include some photos), they instead wandered off into dreamland with statements like:
"Ongoing field mapping and sampling have extended the interpreted east-west strike length of visible lithium-bearing pegmatites at Jailbreak from 400m up to 1.4km"
"Field mapping is continuing at Jailbreak where multiple pegmatite outcrops with visual lithium-bearing minerals are now identified up to 1km west of current assay results"
“The high-grade lithium assays are from pegmatite outcrops spread over a 1.7km zone at Jailbreak within a 15km long interpreted lithium, caesium and tantalum (LCT) corridor where numerous pegmatites at Mt Alexander have been mapped to date."
“Further north of Mt Alexander, and also adjacent to the craton scale Mt Ida fault, is Liontown’s (ASX: LTR) large Kathleen Valley lithium deposit which has a mineral resource of 156Mt @ 1.4% Li2O and 130ppm Ta2O5."
"The width and extent of the area of outcropping pegmatites at Jailbreak suggests the potential for a lithium mineral system that could host significant mineralization."
"The Jailbreak area forms part of the 15km long LCT pegmatite corridor interpreted within the Company’s tenements."
Even more remarkable is that this apparently obvious and widespread lithium mineralization has gone unnoticed by the company for nearly a decade.
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- Ann: High-Grade Lithium Confirmed at Mt Alexander
Ann: High-Grade Lithium Confirmed at Mt Alexander, page-52
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