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16.5¢ latin resources limited

Ann: Colina Lithium Deposit - Mineral Resource Estimate Upgrade, page-47

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pumbamice

231 Posts.

63

30/05/24

15:06

Post #: 74085783
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Originally posted by Grindin989: ↑

For anyone wondering why having the increase to M&I confidence levels matters.

if you watch this release from after the PEA was announced

https://youtu.be/6S38Cp2Ac2s?si=p7Uk_7UJM1Pyl1Ly

at the 1:26 mark, Chris goes onto say the PEA is based off 75% of the measured and indicated resource we had at the time which was only 30.2mt so essentially the PEA’s metrics were based off roughly 23mt of resource.

I’m not sure if the rules are different for the DFS but seeing as a DFS is more important I don’t see these restrictions going away, if anything they would get stricter.

But for arguments sake let’s just say the rules are the same as we can only use 75% of the current measured and indicated category, the DFS metrics will now be based off 50.45mt.

I could be wrong here this is just how I understand it to work but I am no geo or mining expert, take it with a grain of salt.

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a major cockup in that interview 11:42 interviewer saying DFS next year in June! Terrible neither CG or TG corrected her.

LRS Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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