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14.5¢ lithium plus minerals ltd.

Ann: 94M of High-Grade Mineralisation confirmed at Lei, page-42

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hkhf

2,095 Posts.

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04/10/23

11:40

Post #: 70165389
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Originally posted by eastwest101: ↑

Pretty much 60% of the apparent width is true width here, according to the recent release, assuming most of the drilling is similar orientation and dip. Which is an assumption I'll need to check from past drilling results. A typical cross-section wouldn't hurt though, they have given us a long-section which can only allow is to take some very rough stabs at the dimensions of the thing.

Starting to look quite deep now, and some of the lower portions may be beyond the reach of open pit mining without crippling strip ratios.

But from my rough back of the envelope calculations I am seeing potentially approx 650,000 cu metres or 1.5Mt at 1.2% Li2O in the first 250m from surface, assuming the dimensions and an approximate true thickness in the region of 12-13m true width and a strike length of 200m.

The entire slab is something in the order of 132,000 cu metres so maybe 3.4Mt at say 1.3% Li2O or something like that. Lots of assumptions about grade continuity, and a density of 2.65 tonnes per Cu metre in those rough calculations so won't be precise.

Just a shame that the thickness and grade gets better with depth. Obviously other mineralised Peg bodies would help them a lot.....

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A few pics from old Announcements and a similar one from CXO's hit:

LPM Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held
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