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Ann: Drilling Update at the Burmeister Lithium Discovery, page-71

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19/11/23

17:28

Post #: 70985358
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Originally posted by WhatsTheTip: ↑

So it could be super-big. It could be big, or it could be a smaller deposit. At this stage this is the big unknown.

Looking at smaller Australian JORC deposits. Essential Metals (now part of Develop Global) has a 20 Dec 2022 JORC of 11.2Mt @ 1.16%. This figure is widely quoted, but less frequently noted is that this resource is spread across 3 deposits. This was big enough to get IGO's and Min Res's interest with it selling to a MinRes aligned entity.

Delta lithium's 14.6Mt @ 1.2% at Mt Ida is also spread across 3 deposits. This along with there probably larger Yinnetharra deposit has got MinRes's interest (and also Gina Rinehart).
LTR's Buldania deposit is with rounding 1.0%. This is buried within the LTR group so there's little clarity on what's happening.

Mt Cattlin is only down in the 10Mt size due to being mined to that size.

Back to TG6Also when a cut-off grade like 0.5% is applied, low grade material doesn't make it into the JORC. To get a better idea of what typical TG6 mineralisation might look like, the table below lists the 24 reported intercepts that exclude anything noted as "partly weathered" or "very weathered" or grades below 0.5%. Mixed Mafic/Peg intercepts are also excluded as they are a blended grade that comes from using 1m intercepts on rock chips. The average is 1.46%

On incredibly early information, a grade for the non-weathered material may be significantly above 1.0%.
If you had a single deposit of 12Mt+ at even 1.3%+, that would have to compare favourably with Essential Metals for value once the project progressed through more of the regulatory and developmental steps. Also as shown by GT1 and its Root Bay drilling, you can get to a Inferred JORC resource relatively quickly. Is it smaller than 12Mt, of a similar size to the other deposits noted above, bigger or much bigger? I just don't know.

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Awesome work, can't wait till assays to confirm and extend could go 10x very quick

TG6 Price at posting: 74.0¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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Ann: Drilling Update at the Burmeister Lithium Discovery, page-71

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

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

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

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

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

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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

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

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Ann: Drilling Update at the Burmeister Lithium Discovery, page-71

Top Stories

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

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

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

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

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

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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

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

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