Spot on. We have to look at the recent clarification announcement by AZS to see what 1%+ lithium
grade over 100m looks like in terms of spodumene. Typically, we want to see 15-20% spod, given that spodumene contains roughly 8% Li2O.
From memory, most of ours are in the 1-5% and some up to 10% range, so not very enticing at all. If there are long hits, I'd be surprised to see it over 0.8% Li2O at the depths we've tested thus far. Hardly enough to excite the market, unless we have monstrous tonnage.
DD at depth, below the aquifer is where this company is either going to be made or broken.
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