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$3.69 azure minerals limited

Ann: 209m High-Grade Lithium Intersection at Andover, page-192

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trueman

101 Posts.

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05/08/23

14:02

Post #: 69177305
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Originally posted by calmbeforestorm: ↑

@WowVeryJosh covered this very well in a previous post. They suggested the hole fell short by about 8m from hitting AP11 - it would make sense for AZS to go and extent hole 199 so it would hit and extent it thru AP11.

I noticed this quote in yesterday's announcement:

“Encouragingly, the results suggest the mineralisation remains open along strike and to depth, providing Azure with the potential to produce similar, if not better, lithium intersections of such scale and tenor in future drilling."

My interpretation of the parts in bold, based on past conservative but sort of vague comments from Tony and how they have provided insight into future results, suggests we can expect more circa 200m intersections, possibly thicker ones. Given that AP11 is thickening at depth I am expecting thicker hits than 209m or thicker than true widths hits of 135m.

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Thanks.

AZS Price at posting: $2.66 Sentiment: Buy Disclosure: Not Held
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