Whoo hooo!! been asking for this for what seems like a very long time! Lets drill deep!!!
This announcement makes me a very happy camper.
SS completion by EOY too.
Below is a previous post, however makes it more relevant with regard to this announcement
This ones a beauty showing the consistent high grade core of the deposit - in long Section.
(this is where ESS will be targeting the DEEP holes - in the high grade Zone!!
Work on 550m width 200m vertical depth assuming dip of the peg bed about 45deg means about 280m planar length using Pythagoras,
2.6 specific gravity..
Thickness we can use the 3 deepest intersections, and get an average lets say 14m @ 1.2% Li2O
so 550x280x14x2.6 = 5,605,600 tons (for 200m vertical depth)
So every 100meters in Depth vertically we can prove up (assuming these figures ) and assumption that grade and thickness stays consistent we can add 2.8Mt to the resource.
(take those numbers above with a grain of salt as the true dip is closer to 60Deg - so figures are slightly less using 60deg dip)
(but still gives you some idea)
Assumptions are that thickness stays the same too. Drilling will determine the thickness at depth
So lots to be exited just with CADE!
Who knows what monsters lurk beneath!
One thing I have more confidence in is we will be far closer to CXO 's Market cap by EOY
Good Luck all - Happy days
