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24,192 Posts.
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14/11/16
10:21
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A quick few things to catch my eye on 1st skim ...
Large and high grade Lithium discovery at Earl Grey deposit, showing both exceptional grades and widths over 2000m x 750m with avg thickness 70m
• Ore body still open in multiple directions and exhibits excellent geometry for a very low cost mining scenario
• MOU with Poseidon Nickel Ltd to consider fast-start lithium development options, utilising Poseidon’s Lake Johnston 1.5Mtpa processing facility
• drill rigs on site drilling 24/7 and on track for maiden JORC Resource in Dec Qtr
• Metallurgy testing underway with first pass results out in current quarter
Notice they are projecting Earl Grey lithium to extend to the north well past known extent in diagram below and flatening out (See Red Circle)
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