Nice drill hit. Excellent impact on the SP, too - up to $0.45 now.
Encouraging that the drill hole is in an area where there's limited historic information. Comparing with Figure 1 in the resource update announcement (18 May 2016), the hole seems to be collared right on the western edge of the current Inferred Resource. IMO bodes well for upgrading more of the resource from Inferred to Indicated and potentially for upgrading some of the Exploration Target to Inferred.
Announcements could do with a proof read before issue, though. I'm not 100% sure what this means:
"The second mineralized interval of [email protected]% Li2O starts in 335m and thought the final depth of the hole reached 444.4m."
Nice drill hit. Excellent impact on the SP, too - up to $0.45...
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