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37.0¢ lithium energy limited

Ann: World Class Lithium Intersections Confirmed at Solaroz, page-101

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FFailings

786 Posts.

424

03/05/23

09:37

Post #: 67578737
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Originally posted by PirataCzornomaz: ↑

Couple of quick comments:

Lower Hole 4 and Pending Lower Hole 4. You have 120m on each, total of 240m. The lithology graph shows deep sand depth so far is 332m. So you can add another 100m in your calcs for "Pending Lower Hole 4".

My guess is that the upper aquifer will not be high grade, prob around Hole #4 upper level (i.e. 250ppm), and that's why they are re-testing upper aquifer tests for Hole#2 which are not announced yet. However, the Hole #2 hasn't been drilled to deep sand.

I would be inclined to ignore, for now, upper aquifer all together. The average will be ~200-300ppm. Which is suitable for DLE, not for ponds.

However, the deep sand is the KEY. With Lithium concentration ranging 350-500ppm+. So we might end up with total average 450ppm.

As per below graph, there seems to be coverage of deep sand ALL OVER the tenements. UH5 = Deep Sand unit (pink area). Next holes will prove this theory.

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Cheers. I should have had the pending lower lengths on holes 4 and 5 in red to signify that they are still uncertain (increasing) and as you have noted previously is very important to the overall potential resource

LEL Price at posting: 70.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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