Ann: Brazil Resource Definition Drilling Update, page-64

Have been away from the computer for obvious reason lol.

These results should be very good.
Previous results had visual spodumene estimates of 18-20% and returned mid 2% to low 3% grades.
these new estimates are nearly 30 metres at over 20% visual spodumene estimates!

Management are working towards a Jorc by the end of this year and if we keep striking spodumene like this then LRS will have a decent positive re rate imo.

This also gives me further confidence that the high grades are not in a small area and could amount to a very viable and high grade resource.

All lithium stocks had a shake out but the truth is that demand will far outweigh supply when LRS releases their Jorc and even more so when going into production.

Hopefully we will see plenty more drill holes like this in the near future which will keep adding value, and will result in a significant re rate some time this year imo.