Ann: Coarse spodumene intersected at Jaguar, page-79

Yes, but drill core (since this presentation) has already indicated that the 50m of peg is only mineralised to a roughly 8m width.

This doesn't have to be 'bad', but it does mean the market expectations were missed by a long way.

It also doesn't mean the tenement isn't economic. There are other targets and of course the next few holes will drill along strike.

Some large assumptions here but if 8m widths occur over a 1km strike with 300m down dip then you only get to 6.48MT (not amazing).

They really need there to be stacked pegs in order for Jaguar to start looking like it might end up as a mine (similar to the geology at Salinas for LRS).