Large Spodumene, page-139

Following up from this, from the photos it appears the top 4-5meters has a decent whack of spodumene in it.

scrap the top off and sell it as DSO?

300m x 2.7 x 5m x 200m. = 810,000t @ 2%li2O.

I’ve allowed 2% but judging from the size of the spodumene crystals it could be 2.5/3%.

CXO - A$1400/t @ 1.4%li2O.

meaning we could sell 810,000t x 2/1.4 x 1400. = A$1.61B

obviously the above makes many assumptions such as the spodumene as shown in the photos is consistent over 300m of strike, etc. Good chance that it’s not but I wouldn’t rule it out either.

excited for drillling results.

IMO. DYOR