Guys your not listening;
- The updated Resource covers only 25% of the known southern swarm of lithium pegmatites.
- The lithium processing facility is currently in construction, first lithium shipment targeted for Q1 2018.
Tawana Resources Managing Director Mark Calderwood stated: “The 25Mt of combined high-grade lithium and tantalum resources represents a solid uplift from about five months of additional drilling. The additional Indicated Resources are likely to result in additional Reserves based on scoping level pit optimisations completed in June to focus the resource conversion drilling. Infill drilling is continuing and we expect to deliver another upgrade to Indicated Resources later this year.
Due to the fact the resource remains open in several areas I look forward to further step out drilling planned for the new year. Additionally, the recently discovered high grade lithium and tantalum pegmatite located below the starter pit (refer announcement dated 2 August 2017), has not been included in the resource due to insufficient drilling.”
We are only at ~25% of the known southern swarm of pegmatites meaning a possible 100MT++ resource in the southern swarm of pegmatites alone. Then we have the rest of the Bald Hill block to add to that which will no doubt contain more.
Then there is Cowan which is 100% owned by TAW.
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