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66.5¢ liontown resources limited

Ann: Drilling extends thick high-grade zone at Kathleen Valley, page-108

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Blue swims

2,783 Posts.

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09/05/19

16:00

Post #: 38491132
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Originally posted by anatol: ↑

I don't think reaching 100mt would be so easy. I don't think so. That would be too much of a hype.

However I think reaching 50mt is now very high probability with these 70m thick intersections. There is a possibility that they might add up another 10mt on top of 50mt and can reach to 60mt.

The reason for that; the 70m cumulative intersection was not known when they targeted (max) 50mt resource for upgrade. They were considering the pegmatites at around 200-250m depth for 50mt resource.

But now they have pegmatites from 250m to 350 and it is still open to depth.

Also the strike length for these Mt Mann pegmatites are now about 600mt and still open to NW.

A 100mt extra depth with 600m strike length and with 60m true width would give us another 10mt resource on top of 50mt.

100 x 600 x 60 x 2.75 (specific gravity) = ~10mt

So it might be a 60mt resource max. for now (for the DFS)

Expand

The strike alignment NE/SW would tend the indicate these new intercepts will be replicated in the holes pending I’d guess.

LTR Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
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