CLE

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0.1¢ cyclone metals limited

21.9% European Lithium, page-13

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windriver

46 Posts.

19/04/16

10:19

Post #: 17539937

Originally posted by strauss ↑

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 &amp;amp;amp; 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

Expand

Thanks Strauss.

21.9% Interest in European Lithium means 40-50m MC. Am I right?

CFE Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held

1 Upvote

0 Great analysis

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Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $12.73M

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21.9% European Lithium, page-13

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	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.

21.9% European Lithium, page-13

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