Ann: Surface results confirm extension to Carrier De L'est, page-106

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PASBOZ

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22/12/17

14:42

Post #: 29835977
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Originally posted by Freehold ↑

So assuming peg/lithium is consistent between holes 7 and the latest high grade grabs 750m away to the SW how much in terms of tonnage could we be talking about in that extension alone ???

Assumptions:

Distance: 750m
True Width: 250m Avg
Depth: to 200m (From surface)
SG (Specific Gravity) = 2.8
Lithium grade 1.4%

So mineralised envelope for section between holes 7 and new grabs to the s'west:-

750m x 250m x 200m x 2.8SG = 105mt @ 1.4% Li20 (for Carrier De L'est Extension alone!!)

This would be bigger than most current lithium hard rock players defined resource on the ASX with the exception of KDR and PLS (excluding EMH as too low grade). Remember this is just the extension. I wonder if they will upgrade the Project Target statement.

Unfortunate about the delay but these things happen. On the flip side it clears us from the wettest month of year in area which is Dec.

Expand

2 Million tons is my estimate but what matters is the quality of spodumene .
Grades and metallurgy and by all reports so far low iron content and impurities .
Just right for battery market.
How soon will CATL +Huayou pull the trigger ?
Certainly not before completition of 20000 metres of drilling ???
ALL IMO
Have a safe and merry Christmas everyone .AVZ will be huge surprise ^^^^^to the market in 2018.

AVZ Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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Ann: Surface results confirm extension to Carrier De L'est, page-106

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