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3.7¢ european lithium limited

Ann: Acquisition of Advanced Lithium Project with Resource-PNE.AX, page-16

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ddzx

37,911 Posts.

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11/05/16

14:44

Post #: 17736712
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Originally posted by cambler ↑

I think page 24 of the announcement is particularly interesting...

JORC Code (2004) measured resource of 3.7mt at 1.5% Li2O, indicated resource of 3.2mt @ 1.2% and inferred of 10mt at 1.2%...

...resource classifications of measured, indicated, and inferred were considered valid under JORC Code (2004) guidelines they are not valid under JORC Code (2012)...

I think the ASX may have stopped them from spelling this part out (thus the delay??) and that's why the whole consultant report is there? Maybe?

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thanks for that...been flat out all day

that makes 120,000 tonnes or AUD$64M cashflow before tax

i better read the whole thing later

regards

EUR Price at posting: 8.3¢ Sentiment: None Disclosure: Not Held
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