AZS Media related thread, page-269

First 269 Last

Share
Profile

Follow
Boolgeeda Dream

617 Posts.

96

28/08/23

15:04

Post #: 69590999
Share

Originally posted by Mr. Metorite: ↑

I did a block model with the down hole assays and drilling done so far on AP-0011 and AP-0012 and got 33.8M tonnes averaging 1.05% Li₂O. So, that would likely result in around 4M tonnes of spodumene concentrate, which in a couple of years will likely be worth around $2000 per tonne, or 8 billion dollars. No one expects the current price of $3265 per tonne to hold, and Goldman Sachs says it will be $1800 per tonne next year. The best mineralisation on AP-0011 and 12 is deep however, and at a likely strip of around 23 to 1, it could cost 8 billion dollars to mine and process it. So far, the drilling on AP-0011 and 12 is on 100m spaced lines, and only an inferred resource is possible until there is a lot more drilling. It is risky to interpolate drill results between holes spaced on 100m lines, but my model searched out to 60m from each hole, which is a lot. Hopefully, additional mineralisation with decent grade that is close to the surface will be found on the other targets at Andover otherwise the SP of AZS will not fare well. Remember, the 100M tonnes of mineralisation that is bandied about is the target only. Wireframe numbers that have been posted are of the pegmatite body, not ore-grade mineralised pegmatite. Below is long section of the block model that I made.

Expand

Why are there big gaps in your resource model between drill holes?

shouldn't these blocks be extrapolated between drilling? That's where the extra tonnage is coming from in the other models produced in LF

AZS Price at posting: $2.49 Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

AIZ

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

NWH

NRW Holdings voted Wealth Within's hot stock tip

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

There are more pages in this discussion • 702 more messages in this thread...

First 269 Last

Add AZS (ASX) to my watchlist

AZS Media related thread, page-269

Top Stories

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

NRW Holdings voted Wealth Within's hot stock tip

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Featured News