PLS 1.32% $3.06 pilbara minerals limited

Ann: Pilbara Progresses DSO and Updates Capital Forecasts, page-50

  1. 6,196 Posts.
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    Extensional drilling north of the Central Zone has intersected a thick, high-grade footwall zone which is outside of the current Mineral Resource.
    Results include from this area include:
    o 27m @ 1.68% Li2O and 71ppm Ta2O5 from 258m (PLS1050)
    o 21m @ 1.67% Li2O and 95ppm Ta2O5 from 178m (PLS1049)*
    o 20 m @ 1.62% Li2O and 123ppm Ta2O5 from 141m (PLS1048)*
    • Monster continues to deliver impressive results with a new thick, near-surface zone of mineralisation intersected to the north of the current pit design.
    Results include:
    o 22m @ 1.15% Li2O and 179ppm Ta2O5 from 10m (PLS1052)*
    o 14m @ 1.38% Li2O and 161ppm Ta2O5 from 14m (PLS1090)*
    • Resource in-fill and extensional drilling at the Far East prospect has further defined this new zone, which remains open to the south. Results include:
    o 11m @ 1.61% Li2O and 62ppm Ta2O5 from 189m (PLS1052)
    o 8m @ 1.86% Li2O and 73ppm Ta2O5 from 31m (PLS1090)
    • The results will be incorporated in an updated Mineral Resource estimate in Q1 2018 which will underpin the ongoing Stage 2 expansion Definitive Feasibility Study (DFS).
 
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