The core photograph has me a bit puzzled. The spod is located within breccia ( the darker stones that look like pebbles in the photo). Breccia for the newbies is fragmented rock often a result of extreme hydrothermal venting. The spod we see in the photo also looks like its fragmentation and if so, there must be a motherload somewhere from which its originated and ripped out.
Putting that aside, I note in the investor presentation that they have a picture but its rather fuzzy indicating another artisnal site where they believe the peg is again outcropping at surface. I can't get a fix on the distance between where we drilled and this other outcrop which is "downhill" they say but it could be indicating a decent length of strike in this direction, not to mention the north-eastern strike of the ridge where artisnals have also been active over some 1.4kms with a hint from SLM we may have stacked pegmatites there. All in all a horrible day price-wise, upto a point understandable although may be oversold. But we are just scratching the surface of this entire large exploration lease. And that spod in the core photo came in at 3% lithium based on their instrument at the site. Seems quite a sophisticated instrument given its often stated that Lithium cannot be detected and quantified other than by assay labs. Technology is obviously advancing at a rapid pace.
The other things is that I always wondered what these artisnals were digging for. Lets face it they would not be that sophisticated to be looking for Li, Ta, Cs. My query is answered in very fine print beneath one of the photos indicating that were quarrying for "dimensional stone" . Its a new term to me but I presume its for construction. They have done us a favour with these various quarries dotted here and there over the lease in showing where the peg is outcropping
- Forums
- ASX - By Stock
- SLM
- Ann: Coarse spodumene intersected at Jaguar
Ann: Coarse spodumene intersected at Jaguar, page-64
-
- There are more pages in this discussion • 83 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SLM (ASX) to my watchlist
|
|||||
Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.134M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.5¢ | $635 | 6.044K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 32777 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.100 |
1 | 51912 | 0.095 |
1 | 10000 | 0.092 |
1 | 9000 | 0.090 |
1 | 58011 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 25000 | 1 |
0.120 | 50000 | 1 |
0.125 | 10000 | 1 |
0.150 | 7000 | 3 |
0.155 | 15000 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
SLM (ASX) Chart |