FFX 0.00% 20.0¢ firefinch limited

Ann: Corrected Goulamina Drilling Update.pdf, page-43

  1. 910 Posts.
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    Outstanding drill results, best in the world I've seen except for some of A*Z's intercepts.

    Who else has 60m hits >2% Li2O near to surface?

    Goulamina is a high grade monster. Having 2% head grade means that theoretically, mining & processing costs will be halved compared to peers with ~1% Li2O ore plus can produce double the amount of concentrate for an equivalent sized processing plant (oversimplification but you get the picture).

    Key to consider here is the quality of the ore also - no mica, and lowest iron content in the world - cheaper to process into concentrate and the concentrate will be of very high quality - demand $!!!

    Furthermore, good metallurgical recoveries >80% as opposed to a large (deposit and MCap) ASX peer who has very questionable mets. Talk about de-risking...

    Ridiculous amount of tonnage, with each zone open in all directions, the deposit will hit 100Mt with ease, the real question now is where does it stop?
 
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