RWD reward minerals ltd

cheese and whine, page-16

  1. 6,757 Posts.
    The Karinga JV has a major advantage over both LD and especially LM, in its proximity to infrastructure. The size of the resource is going to be more difficult for them to establish, as at least on the surface it appears to be a string of small lakes. That may not be the case with subsurface aquifers, in some cases the lakes might be connected, in other cases aquifers may still extend well beyond the apparent lake edges, which are often just transported cover. Another point of significance from the RUM update:

    "Near lake brines have been intersected up to 200m away from lake edges at shallow depths"

    With 120km of strike the resource may be substantially larger than appears from the surface. Perhaps not as large as the other two - but large enough.

    Holding RUM.
 
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