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Ann: Assays Confirm High Grade Lithium Discovery at Faraday, page-13

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seberhardt

273 Posts.

209

08/12/22

10:10

Post #: 65213650
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Originally posted by pogues: ↑

gee tough audience - we didnt have lithium a short time ago and this is only a preliminary drilling and we get this:

The preliminary RC drilling was conducted to provide an indication of the orientation of the pegmatite and the potential
distribution of any associated lithium mineralisation. The pegmatite displays a degree of fractionation common within
intrusive rocks and/or multiple events which will require further infill drilling and studies to determine the elemental
distribution. The presence of high-grade lithium values indicate the pegmatites have the potential to host a significant
economic discovery.

what were we all expecting guys/

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Agreed. I think this is a strong positive. Maybe the grades are not fantastic but they are very shallow. Means a lot less digging to get to them.

I hold another stock whose Li grades are even lower at sub 1% (Rose project in Canada) and it is no issue. The location and ability to extract is more important (see AVZ or Frontier).

WIN Price at posting: 51.0¢ Sentiment: Buy Disclosure: Held
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