Ann: Exceptional Lithium Drill Intersections from Andover, page-306

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unname101

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16/06/23

14:15

Post #: 68325579
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Originally posted by calmbeforestorm: ↑

In my post a few days ago, I estimated the thickness of holes 209-215 based on information in the previous 2 announcements especially the clarifying announcement (see below - I estimate they will be all high grade except hole 211 which will be lucky to exceed 0.5%). Tony is on record stating the assay results are consistent with what they are seeing visually - this is a key statement by Tony, and I verified that in holes 202, 206 and 208 (longer intervals) in my estimates of grade and thickness using the information in the clarifying announcement. I have high confidence in my estimates based on Tony's comment and my reconciliation with holes 202, 206 and 208 (the others had smaller intervals which don't always reconcile well but some do). Tony is on record that he is seeing the same in further holes they have drilled (over 30 now). I anticipate my estimates (length and grade) should be within 5% - 10% of actual assays when released before end of June.

Here are my estimates again

Hole 209 - 58m @ 1.23%
Hole 210 - 52.5m @ 1.23% and 62.3m @0.98%
Hole 211 - 82.3m @ 0.37%
Hole 214 - 90.1m @ 1.13%
Hole 215 - 113.5m @ 1,09%Did Tony release the details of holes 202-215, with visual spodumene percentages by length in the clarifying announcement, as an up yours ASX I know what I am seeing and my statement are correct? He is a smart cookie, and he will have realised a any decent analyst will do the detailed work (like I did) to understand what he stated is valid (i.e. the assays are correlating closely with what we are seeing visually) and to expect more of the same. Is the reason why the SP appears to have got ahead of itself?

If my estimates are validated with upcoming results not only, will they be much better results than the maiden assays, but the SP may continue on its upward spiral to how much who knows but we are in a period were investors are scrambling for lithium explorers with good results and a clear FOMO positioning.

If assay results like above continue, we will be well on the way to 100mt+ MRE by EOY (this view is based on my detailed review of PLS, LTR, KDR and to some extent PMT - the first 3 had over 100mt MRE's after 40km to 50km of drilling). KDR which had many assays of 50m to 100m thickness but higher grade and over 100m and only took 20km of drilling to arrive at an MRE of 128mt - quite incredible but they had much greater thickness than PLS and LTR (the grade was higher than AZS).

If AZS gets a lot more 100mt type thickness intervals in the next month or two, we may even end up with a resource like PMT which Barry Fitzgerald suggested maybe around 150mt @1.2% by EOY.

AS always these are more opinions only and DYOR.

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so if that is the case, am I right on my estimate 1.26b if 100mt plus playing out

AZS Price at posting: $1.20 Sentiment: Hold Disclosure: Held
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Ann: Exceptional Lithium Drill Intersections from Andover, page-306

Top Stories

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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