Ann: Highest Grade Results to Date at Lynas Find Lithium Project-DKO.AX, page-146

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PedroG07

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04/05/16

09:13

Post #: 17670471
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Originally posted by Obe wan ↑

Hi Jaymes,

In short they undertook comprehensive surface sampling in January followed by an airborne geophysics program in February with the intent of finalising targets for the drill program which they have just completed; the aerial geo program did pick up some additional spodumene bearing pegmatites or ones that extended from the known outcrops.

Figure 1 within the February update shows the location of the identified pegmatites with figure 3 within the April update including the newly identified pegmatites. They by now, should have identified the majority of the outcropping visual pegmatites.

The outcropping central pegmatite no doubt appears to be the main event at this time, but there is significant infill meterage between other outcropping / visual tracks of pegmatites as identified.

Just in my view; looking through the bores within the 'known pegmatites' in the central find ; the pegmatites rapidly descend off the central; with another identified pegmatite outcrop not identified for another 200-500 meters , which in themselves appear to be slender tracks which no doubt also dive.

I just at this point ,can't see how they could have the tonnage in order to justify a stand alone operation.

Just my opinion Jaymes. The outcropping pegmatites will generally be the most economical and they would have mapped the majority of these by now; they'll be stretched to pull out 5 million tonne I reckon.

Cheers

OW

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Please don't down ramp based on assumptions. Fortunately they have geo's who's job it is to define a resource. That's not your job.

DKO Price at posting: 21.0¢ Sentiment: Hold Disclosure: Held
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Ann: Highest Grade Results to Date at Lynas Find Lithium Project-DKO.AX, page-146

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