PLN 0.00% 18.5¢ pioneer lithium limited

Ann: 40m Spodumene-bearing Pegmatite Discovery at Benham Project, page-12

  1. 2,741 Posts.
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    IMO one of the delays may be that many of the permitted drilling pads were on the north side of the magnetic high. The now mapped pegmatite outcrops and GT1's nearby Root Bay successes have all been on the south side of the magnetic high. While some of the prospectus planned drilling spots are still sensible, there's a number that you would shift. While frustrating for shareholders, its better to drill in optimal locations rather than quickly drill somewhere just to be seen drilling.

    I'd presume some of the delays are getting revised drilling permits.

    The map below was from the prospectus.
    https://hotcopper.com.au/data/attachments/5835/5835279-ea7a2c7d557a033ba3ffc9841cebe763.jpg

    The map below was from 16 October. GT1's successful hits have all so far been south of the magnetic high.
    https://hotcopper.com.au/data/attachments/5835/5835281-350b5e2b9dbde38796a6b4a2d70ebfaa.jpg

 
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