5EA 3.45% 14.0¢ 5e advanced materials inc.

5EA set to skyrocket, page-739

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    Ok I calculate 10,115,759.85 Mt of Boric Acid from ASNs clastic zone assays and JoRc resource at the time of their LCE PEA and their further resource upgrade from the Long Canyon entry leading into their LCE DFS . This essentially is 1 full drill re-entry as the next re-entry @ Cane creek they have only provided their LCE and Bromine assays a JoRc expansion. Understanding that the boron data for this 1 entry and a further 5 entries cover a confirmed 1 aquifer zone of 150 km 2 tells me that the Boric acid resource will be north of 20 million Mt and could even top 50 million My . Drills are mobilised and all drilling is set to run concurrently with final resource expansion due before EOFY . ASN are also at the cusp of announcing offtake partners for LCE and have submitted a DOE loan application their expecting FID this year FEED is well advanced and it is looking very likely that the LCE plant will be upgraded from 13,000 MTpa to 25,000-50,000 MTpa in the interim they have started hinting at adding a boric acid circuit and returning to the old pea monetisation only bigger . Like I said I like 5EA they will be producing soon , but I also have an eye on the long game .
    warmest regards TT
 
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