The latest images suggests AP11 gets thicker at depth but these are just 2 cross-sections which are at different locations to those in earlier announcements - it seems to be thicker at depth further to the south east. This is the first announcement to show increasing thickness but it does not seem to be getting significantly thicker it is just gradually becoming thicker and it will need to thicken by about 40% to 50% to achieve 150m of mineralised width - we do not have verification that it will widen to this extent.
We do not have any indication of the thickness of the spodumene mineralisation nearer the surface (e.g. less than 100m depth maybe deeper) of AP11 as we have no assays from holes drilled at those depths (holes 230 and 232 may provide more detail and probably RC holes as well of nearer surface thickness).
I noticed that the whole width of the AP11 pegmatite is mineralisation for some but not all holes (e.g. exceptions are holes 210 and 217). Consequently, while the pegmatite seems to be 100m+ from surface to depth we have no validation that we will achieve 100m mineralisation at shallower depths of AP11. Not all the cross-sections indicate AP11 is 100m+ thickness (e.g. holes 210 and 217 but they are still good thickness of 64m and 33m). Nevertheless, the widths of AP11 are extremely good and we may see more thickness of AP11 further to the south east.
AP12 looks like it is thinning out at depth in the south area but hole 220 with 40m of mineralisation north east was encouraging. Maybe AP12 will have better width towards the north - hole 22 will be provide more information.
It is telling that they are drilling more to the south east in AP009-11 (they make that clear in the announcement) which suggests they are getting good visuals from holes in this directions - this is highly encouraging but we need to see the assay results before getting too excited.
What is crystal clear is that AP10, AP11 and AP14 are just one big long and wide pegmatite as shown by the images in the 30 June and todays announcement (despite some clown who suggest they are 3 pegmatites who obviously cannot comprehend images provided by AZS).
There are two important lessons from the assays to date in TA 1- firstly the surface pegmatite outcrops join at depth (i.e. 10, 11 and 14) into one pegmatite which @WowVeryJosh correctly predicted and secondly, to date, the pegmatite outcrop with the largest outcrop at surface does not necessarily mean that pegmatite will have the widest intervals of mineralised .
AZS Price at posting:
$1.63 Sentiment: Buy Disclosure: Held
