A nice list of post balance date events. Typically a list like this would have a higher rather than lower share price relative to 30 June 2023!!
The 7 August statement was "An updated Mineral Resource Estimate for Root Bay is planned to be released early Q4 2023". This statement could have been interpreted as an update to the confidence levels in the MRE with little or no overall increase. It could also have been an update to the MRE in terms of both size and the proportion in at least indicated*. Note 32 confirms the 8.1Mt MRE is increasing (which is no surprise given downdip drilling).
*In other companies I've seen them use 20 x 20 spacing for measured but I haven't seen many lithium instances where you get all four corners of a circa 50 x 50 spacing that are so similar. For example the instance below has all for corners within 0.1% for grade and 1.0m of thickness (1014: [email protected]%; 1020: 16.8m @ 1.69%; 1013: 17.1m @ 1.77% and 088: 17.8m @ 1.73%). While the drill spacing would indicate indicated, does the consistency of results enable elevation to measured? To get this to measured would it need another 5 drill holes to turn it into a 3 x 3 grid at 20x20 or would a single drill hole in the centre that would presumably be about 17m @ 1.7% be sufficient?
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