Also key, is the Eastern Hub Projects have drilled out 6.2% total land mass for an MRE:
9.9 Mt at 1.04% Li2O; Indicated category 5.2Mt at 1.29% Li2O.
Mavis has barely touched 2% at 8Mt. That in itself shows that as time and drilling goes on, the initial Mt on the MRE will be insignificant, as if the geo is roughly the same, even at 20% explored that can be 80Mt.
Especially when the latest slide looks to showcase Mavis at over 22,500 Hectares, and GT1 32,720 hectares.
so, 6% of 32,720 = 2030 hectares explored.
Mavis has 2% of 22,500 hectares explored (using that number, may be more). = 450 hectares.
So, if the geo stays the same, 4.5x our exploration = 2025 hectares, would equate to a potential 36Mt at 9% explored.
Even for a hypothetical, you may assume an 80% buffer of nothing, and say heck, if 100% of Mavis explored turned up 80Mt, based on 10m per Mt, that is still many x's for the LTH.
This is all just my thoughts, and I wish good luck to all, but I am keeping a close eye on CRR over the next few years!
Once this train leaves, it's going express!
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- Ann: 8.0 Mt at 1.07% Li2O Maiden Mineral Resource at Mavis Lake
Ann: 8.0 Mt at 1.07% Li2O Maiden Mineral Resource at Mavis Lake, page-134
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