TG6 6.25% 17.0¢ tg metals limited

Ann: High Grade Lithium Hits Continue at Lake Johnston, page-140

  1. 98 Posts.
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    All this talk about joining the $1 club this morning aged well...Just because a company reports some Li in assays, doesnt mean squat. Those days are gone with the Li price decline.
    What is VERY important in Li exploration is the minerology. TG6 have said they have hit some spodumine bearing pegmatites, but what else is in there? Any Mica's? Li-bearing Micas can throw assays results out a lot. So yes some spod in pegmatites, but is that where all the Li sits? What is the relationship between the spod and other minerals like quartz, if its intergrown, this can also be a problem.
    On top of that, as noted by a few people, current drill results are thin and deep. Flat lying is good near surface to open pit it, but deeper you're going to want more vertical for it to be economic for UG.

    Good luck with Jagermeister, it'll need to be shallower, thicker, higher grade, and of favorable minerology.
    Good luck holders and be sure to learn about other Li-bearing minerals, why they arent good (i.e. processing issues), and how you can tell the difference
 
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