Ann: High Grade Lithium Hits Continue at Lake Johnston, page-188

The description so far and drilling plan to date has been aligned to the strike being north/south and the down-dip being to the west. While that probably remains a good characterisation of the overall deposit, I'm wondering whether we have a pegmatite that is better characterised has having a SW to NE strike direction. The pegmatite then dips to the NNW.

This alternative classification resolves a few issues that have been encountered in the current results:

• If there's a SW to NE strike direction then the way the anomaly ends is a good match for how the pegmatite would transition to the surface and weather away completely leaving no outcropping although it doesn't explain the more northern elements of the immediate soil anomaly high
• Hole 21 being a NSI is no surprise because it simply too far south to hit the pegmatite
• Holes 14 and 18 hitting nothing below 51m is no surprise because they are drilling through the pegmatite where it is near surface
• The down-dip profile would track through RC06, RC09, RC22 and potentially RC28
• RC16 not hitting anything isn't ending the up-dip extent. Its defining the eastern edge of the strike
• The profiles shown in presentations to-date would effectively be views slicing at progressively deeper down-dip lengths
• RC22 shows the pegmatite would be thickening with down-dip depth
• The strike length at depth is basically unknown but RC09-RC11 and RC29 show close to 300m is confirmed
• RC28 potentially adds another 200m to the down-dip length
• The pegmatite would be going down-dip parallel to the ultramafic/SIF seam. This as strong similarities to GT1's root bay and how the pegmatites there were going down-dip in a slice running next to their magnetic high.

If this was the case, the last two confirmed points (09 / 22) of this pegmatite indicate the top plane of the pegmatite is dropping at about 18 degrees (265 RL to 200RL) while the bottom is dropping at about 21 degrees. If this continues the pegmatite will continue to get fatter with depth and RC28 is potentially a better again intercept.

Then again this is just desktop speculation so who knows. Perhaps the webinar tomorrow will provide some insights.