CLE 0.00% 0.1¢ cyclone metals limited

21.9% European Lithium

  1. 22,120 Posts.
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    Im surprised this hasnt been really picked up and discussed given the huge valuations for Lithium stocks especially any with an Advanced JORC Resource

    CFE have a 21.9% Interest in European Lithium


    http://www.capelam.com.au/irm/content/overview.aspx?RID=208

    Column 1 Column 2
    1 European Lithium Ltd
    • 21.9% currently undergoing listing on AIM
    • Interests in Lithium, precious & base metals. Focus on development of 80% interest in the advanced Wolfsberg Lithium project in Austria


    European Lithium own an advanced JORC Lithium deposit I say advanced because it has plenty of drilling and was advanced to a JORC'd Measured Indicated and Inferred status

    http://europeanlithium.com/projects/wolfsberg-lithium-project/project-geology-metallurgy/


    Historic Exploration and Development
    • 16,727m of drilling / 1,389m of decline, drives and crosscuts
    • Deposit is split into two zones:
    Column 1
    1 Zone 1: the northern limb of an anticline was drilled by Minerex down dip to a maximum depth of 450m and mapped over a distance of 1500m. Lithium bearing pegmatite veins up to 5.5m wide intersected and ore body remains open along strike to the west and down dip.
    2 Zone 2: exploration target, demonstrated to be the southern limb of an anticline of which the northern limb (Zone 1), was the focus of all exploration by Minerex.

    • The resource was declared by previous owners to German and Austrian reporting standards and by GSM to JORC Code (2004):
    Type Million Tonnes Grade Li2O (%)
    1 Measured* 3.7 1.5
    2 Indicated 3.2 1.2
    3 Inferred 10.0 1.2


    Total would be [email protected]% Li compare that to AJM NMT PLS GXG GMM deposits and market caps

    see the below table compiled by Accaeric






    Would explain the willingness of sophs to take a 4c+ placement at a 300% premium to market price

    @accareric worth running the numbers over here
 
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