DYOR Overall, based on other core results and historical...

DYOR

Overall, based on other core results and historical exploration holes, grades are similar and shallower than BHP's ocelot project. Post #:69586330.

Already have proven much higher grade areas exist to the east. A sizaeable resource was estimated assuming only 100m thickness or so because drilling never went deeper. (see below liontown estimates)

this hole was testing that the system was continuous laterally and at a greater depth. So now it's known to be atleast 400m's thick not 100m's and this hole was outside the high grade blanket area.

Post #:69755985 explains this with images.




Not a bad hit 1km away from the supergene zonation Liontown delineated and overall system is 3 times as thick as previously anticipated. i had assumed 0.4-0.5 based on visual estimates (not the best indicator but ok) so Cu grade slightly lower that i thought based on a visual calc.

That meshed profile is IMO the higher grade blanket they thought existed, but previously only ever measured to around 700m depth. The highest grade zones were picked up where the green is shown which is the liontown estimate which was over 1% Cu. again never tested below 700m~



Cross reference that to the below and we're only scratching around the outskirts of the known minerilisation and supergene zones.




IMO some are under appreciating the known resource grade/tonnage. and not considering this is located 1km east of that and just said yeh this system may be 3 times thicker than previously anticipated.

Re-inforcing the previous point that the feeder system likely lay laterally or at further depth. But if not already proven high grade zonations at 650-750m to the east. Now just adding massive scale around that.





My thoughts on their copper porphyry discover can be viewed. Post #:69790059 Post #:69755985
Bit of a summary Post #:61163419

Now on these JV tenement becomes a case of honing in on where the higher grade areas may lie beyond the supergene blanket. So whilst we await IGO to either execute on the JV and commence step out drilling on the JV tenements as recommended, we (BUX) can still progress value add on the other tenements - maybe they've got something similar or best on the adjoining 100% owned projects.



Very good ground in very good area.

SF2TH