I'm no Lithium expert but its a great start that Lithium is present.
A quick look at reports from other Lithium explorers and miners in ASX shows they report their Lithium grades as Li2 O%, which Dr Google says means "Lithium oxide", and 1% to me seens pretty damn good.
I follow many of the well known miners (Pilbara Minerals, Core Lithium ...), and their resources run at about 1.1% of this stuff. For CMD, this is only their first pass AND it's limited to surface rock sampling too.
The thing that interests me is that they've proved lithium is there and with evidence of decend grade, not to mention that right next door, just a couple of hundred metres away, there are monster grades of 4-5%!
As an investor, and I'd suggest most savvy investors, would consider this a great start.
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- ASX - By Stock
- Ann: Chenene Lithium Project-Rock Sample Assays to 1.08% Li2O
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I'm no Lithium expert but its a great start that Lithium is...
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