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DDD24

683 Posts.

139

05/05/23

06:10

Post #: 67616987
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Originally posted by PirataCzornomaz: ↑

With the information from ALLKEM and the bore data of #3, #4 and #5 I have done below assessment of whats underground on the A-B crossline as shown in map below.

This is key to understand the chance of having a mammoth resource under the tenements.

This is a very good approximation using the East-West & South-North crosslines (from Allkem) and combined with our data. More than just a guesstimate, because the stratigraphy of point A and B are confirmed from Allkem info, and the bores in that new A-B crossline touches 3 of LEL bores so far.

Kill me if I am wrong. Below chart is to scale! (took me ages!!)

To date:Bore #03 depth: 590m, including 90m of Deep Sand.
Bore #04 depth: 650m, including 330m of Deep Sand.
Bore #05 depth: 540m, including 230m of Deep Sand.

My estimate:
Bore #03 depth: 900m, including 390m of Deep Sand.
Bore #04 depth 800m, including 480m of Deep Sand.
Bore #05 depth 700m, including 380m of Deep Sand.

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Great work, what are your thoughts on Payo 1? Is there any data from Allkem on this area?

LEL Price at posting: 73.5¢ Sentiment: Hold Disclosure: Held
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