Thank you. For others, Core was the first major example of this technology being used in the context of lithium exploration. Core announced promising Fleet Space results as part of its 1 August 2022 drilling results for its extension drilling of BP33. A while later Core agreed extended use of Fleet Space. Neil has however confirmed in a video that the application for Core and Atlantic may vary a little. Core appeared to have a fairly tight spacing which provided visibility down to circa 500m. Atlantic indicated they were going with a wider spacing that would be more like 200-300m downwards visibility. Given the fairly quick turnaround times, this strategy may change if interesting targets are discovered. It will be interesting to see, particularly when (and I presume its when) Core or Atlantic first announce positive drilling results for a pegmatite that doesn't reach the surface.
The technology is more an evolution than a revolution because passive seismic has existed for some time, but the way Fleet Space are doing things enables quick turnaround which has its own value. Also the technology helps identify different rock structures underground. It doesn't tell you if they are mineralised.
A11 Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
