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$3.69 azure minerals limited

Ann: 209m High-Grade Lithium Intersection at Andover, page-133

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WowVeryJosh

113 Posts.

726

04/08/23

15:28

Post #: 69165394
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Originally posted by WowVeryJosh: ↑

Only two new additional assay results, ANRD17 and ANDD228, however they are drilled mostly in the known mineralisation zone.

Estimated AP11 volume from drilling area so far of 27,179,000 * 2.7 = 73.3Mt

Updated estimated AP11 volume with addition of new drillholes: 36,478,000 * 2.7 = 98.49Mt! AP11 only!
And assuming the modelled strike of AP11 is continuous with outcrop: 65,753,000 * 2.7 = 177.53Mt

My model proved exceptional in determining the width of ANDD228, however I didn't have access to collar details for ANRD17 prior to this release.
ANDD228 expected: 185m
ANDD228 actual: 183m

As I said before, top 3 resource potential in Australia which will compete with Greenbushes, Pilgangoora and Wodgina.

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The next lot of NEW planned drill collars from today's release, highlighted in yellow.
Estimated model intersections:
ANRD023 - 185m
ANDD233 - AP09?
ANDD234 - 55m
ANDD235 - AP09?
ANDD236 - 70m
ANDD237 - 151m
ANDD238 - 185m
Holes 236/237 will be critical in understanding the western extensions and tonnage potential of AP11.
AZS Price at posting: $2.64 Sentiment: Hold Disclosure: Held
36 Upvote

8 Great analysis

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