LPM announcement 1st Feb does a pretty good run down. The...

LPM announcement 1st Feb does a pretty good run down. The weathered not economic but can indicate where the fresh rock is, seems like most of their decent fresh rock pegmatite hits are much deeper. 250m plus.

Hopefully Enterprise continues along strike from CXO and 100-150m depth, todays announcement not great but will hold as still in the ground drilling and are now targeting the only reason I originally bought CHR. I didn't care about Megabucks and Old Bucks, there are a lot of potential minnows drilling the Bynoe region. I was interested because CXO hid 3 50+ 1.5% intervals at Blackbeard with is directly next to Enterprise.

2000m of deeper holes coming up.

See below from LPM announcement.

Weathered zone and fresh pegmatite intervalsLithium is strongly leached in the weathering environment and is typically virtually absent within near-surface pegmatites. Consequentially, economic lithium mineralisation does not occur in the weathered profile across the Bynoe region. Pegmatite samples from downhole intervals in the weathered zone (including the immediate wall rock) are routinely sampled for both anomalous Li2O and elevated lithium indicator chemistry (Sn, Ta, Cs) which inform the occurrence of pegmatite-types which typically displayingspodumene mineralisation.