LEL 0.00% 37.0¢ lithium energy limited

Ann: Hole 6 Commences at Solaroz with Third Drilling Rig, page-23

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  1. 2,688 Posts.
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    Big news team

    There is a piece of information that escaped everyone, but not me. Read highlighted sentence below.

    https://hotcopper.com.au/data/attachments/5285/5285962-6261d653b2e1e488b27644d0c99a8819.jpg


    This is new information. Geophysics in this spot identified 600m. AND, it confirms my theory presented all along for months now.

    Below I marked up Hole #5 AND now Hole #6. Using extrapolation of ALLKEM research. So far it has been spot on for Holes #4 and #5, where I predicted back in March exactly how these two hole would fare, with details of depth and lithology.

    So now, further away from salar, at Hole #6 we will have the following (print this post, glue it on the wall and check it in 5-6 weeks):

    Hole #6 Upper Aquifer: ~100m (grade around 300ppm, average of Hole 4 and 5)
    Hole #6 Halite layer: ~0m
    Hole #6 Low Aquifer (deep sand): ~450m (grade 450-500ppm, average of Hole 4 and 5)

    The depths I am 95% confident. Grade is an educated guess.

    https://hotcopper.com.au/data/attachments/5285/5285977-ec3283b1b2f36e7ef2a4bc1da4b83bc6.jpg





    The Hole #6 will add an area to the indicated JORC (using 2.5km radius) of 657ha in addition to the areas already covered by first 5 holes.

    Estimation below, of what holes will do to the JORC, additional 1M tn LCE., so the 3.5 - 4.0 M tn interim JORC soon to be announced will eventually go to 4.5 - 5.0 M tn following the inclusion of Hole #6 findings.


    https://hotcopper.com.au/data/attachments/5286/5286130-094f8fedc615079c9f38ac2e444ef091.jpg



    JABRA, if you believe this announcement is not price sensitive, it is because you live in the world of charting & toilet cleaning.

    Whether is 87c, or $1/share, in my humble opinion you still have time to come onboard before take-off. DYOR

    GLTAH. Looking like another green weekend ending (3rd in a row)





 
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