Is it a pump?, page-42

Hi All,

For Your Reference -

I had a casual look around on the subject of:

Definitive feasibility study (DFS): The most detailed form of feasibility study which determines definitively whether to proceed with a project.

Reference -

Finfeed. (2019) Definitive feasibility study
https://finfeed.com/investor-101/glossary-most-common-mining-terms/

Related to A40:

ALITA RESOURCES LIMITED. (10-05-2019) New Exploration Target Identified at Bald Hill p-01
https://hotcopper.com.au/threads/an...identified-at-bald-hill.4756405/#.XcR_QNVS-Uk


I did not see any drama with that -


"NEW EXPLORATION TARGET IDENTIFIED AT BALD HILL

Alliance Mineral Assets Limited (ASX: A40; SGX: 40F) (the Company or Alliance) is pleased to advise that the recently commenced exploration drilling has demonstrated further evidence of an extensive mineralised pegmatite body at its Bald Hill Lithium and Tantalum Mine in Western Australia (Bald Hill Mine).

As anticipated, drill hole LRCD0842 intercepted 20m of coarse grained spodumene-bearing pegmatite from 189m down hole (assays pending). Refer Table 2 on page 5 for further details.

The intercept is located between hole LRC0707 (21m @ 1.50% Li2O) to the north and a number of significant intercepts to the south.

This area has been interpreted as a single sub-horizontal pegmatite body or group of bodies (Pegmatite 3 West), below the pegmatite bodies Alliance is currently mining at the Bald Hill Mine.

Pegmatite 3 West Exploration Target highlights include1:

• 21 wide-spaced drill intercepts within an area of 1.5km by 0.4km.
• All intercepts are mineralised, including 17 which contain significant mineralisation grading 1.0% to 2.5% Li2O or >500ppm Ta2O5.
• Exploration Target area is 2km long and 0.5km wide.
• Exploration Target ranging from 17Mt to 24Mt, grading 1.25% to 1.40% Li2O and 150 to 180ppm Ta2O5 (refer Table 1). The potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

In the coming months, systematic drilling of Pegmatite 3 West Exploration Target will be undertaken as part of the current 60,000m drill program.

Managing Director Mark Calderwood said:

“We anticipated that the deepest pegmatite body below and to the west of the current pit design, referred to as Pegmatite 3 West, could be linked to the 21m at 1.5% Li2O intercept in a water exploration drill hole located some 1.15km to the north.

The mineralised pegmatite intercept in LRCD0842 strongly supports this interpretation.

The Exploration Target of 17-24Mt for Pegmatite 3 West does not include overlying pegmatites which form part of the current 13.5Mt Inferred mineral resource and which are currently the main focus of infill and extensional drilling.

Only 20% of the 8.8km2 prospective Southern Mineralised Area (SMA) (refer Figure 3) has been drill tested for lithium to date. The SMA itself represents only 1.1% of the entire Bald Hill tenure.”

Mark Calderwood
Managing Director

1 Refer to Figures 1 and 2 on pages 3 and 4 for locations and Tables 2, 3, 4 and 5 for drill hole details."