As a world largest hard-rock lithium deposit, Earl Grey lithium deposit seems to be our benchmark case for its closeness and similar geological settings in Southern Cross region.
It looks Kidman Resources Ltd(KDR) accidentally encountered pegmatite veins/dikes at Bounty prospect while searching for gold initially. Then later it found near by world class Earl Grey hard-rock lithium deposit. It seems Greenbushes hard-rock lithium deposit was world largest so far but Earl Grey deposit is seemingly huge resource upside potential, imo. KDR had made offtake agreements with LG Chemical, Telsa and Mitsui in 2018. Then, in 2019, KDR was taken over by Wesfarmer at the price of $1.90.
Please refer to the following previous KDR announcements to figure out Earl Grey hard-rock lithium deposit.
(1) 29/11/2017 Drilling at Earl Grey Delivers High-Grade Intercepts
(2) 19/3/2018 Substantial Increase in Earl Grey Mineral Resource Estimate
(3) 14/5/2018 Corporate Overview - Deutsche Bank Access Asia Conference
From my understanding, our Bullfinch North pegmatite potential deposit seems to be same hardrock lithium, with potential moderate plunge ore system, according to 29/12/2020 Update - Drilling Planned at Southern Cross - Maries Find of fig.3 cross section. Grade and size and so on are fully unknown but extremely exciting what our future is to be waiting for development.
Regards,
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- Ann: Exploration for Lithium Commencing North of Southern Cross
Ann: Exploration for Lithium Commencing North of Southern Cross, page-10
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