Compelling opportunity, page-5453

AKE/GXY, mineralised ended at depth of 293m, their JORC resource is 6.8 million tons LCE.



POSCO, initial JORC resource was 2.5 millions LCE, then recently they updated to 13.5 million tons LCE.


GLN, currently JORC 2.3 million tons LCE for HMW, 680Kt LCE for Candelas.
HMW, encounters very thick intervals.

At Rana de Sal, a 72-hour air lift test sample returned 1,010 mg/l Li over a >330m interval confirming outstanding grade average for drillhole RS-01-19. The results are the highest lithium grade reported by Galan on any drill hole at Hombre Muerto.

At Pata Pila, a 72 hour air lift test sample returned 946 mg/l Li over a >670m interval confirming exceptional grade average for drillhole PP-01-19.

PP-02-22, interval of sand zone is 270m.
NMR results indicates high porosity values for the overall sequence: o Specific yield values were generally estimated to be greater than 10%, with zones that exceed 20% and 30%. The higher values are closely related to the sand intervals.  

Livent, doesn't bother to define the resource as they have a massive landholding, their resource could be well over 20 million tons LCE, imo. Livent current annual production is only 20Ktpa, their long term plan is to expand to 60Ktpa. They have far enough resource to underpin their long term plan.

Generally speaking, brine deposits are usually have massive resource, and their annual production capacity is limited due to various reasons, so as long as you have a resource over 2 million tons LCE, probably don't need to worry the resource size, only issue is how to expand production capacity, imo.