Wow, i promise that this is not a coincidence but i started constructing a post on another thread regarding recoveries and overall targets for resourcing. Post #:
63185173 For those interested it also provides a high level technical discussion regard ionic clays and things to look out for so a good read.
Irrespectively I literally hit post and look at the exact comment i made before reading the ITM announcement when making a comment about roughly where another explorer would need to get to.
"in short, the results of unnamed company are ok in terms of thickness to depth.The overall grades are okay.The overall grade once you omit Ce/La are poor.The basket composition is very poor.Will it be economic if a large portion of the material is ionic maybe. (just like the 20 others trying)Will it be economic if a large portion isn't ionic. No.They'll need 100mt-200mt resource @ 500ppm-1000ppm and similar depths, grades, thickness.They'll also need to prove they can leach and precipitate it to a 90%+ concentrate using economical viable methods."
And then today legit ITM releases an exploration target almost exactly that. I rest assure that it is a coincident and for those more sceptical will just need to rely that i'm honest and transparent which i believe i have been. Anyways that rough estimate of mine was a comment about roughly what size resource one would need knowing 5-10mtpa+ is what typically most IAC will need to process and thus to sustain 10-20Y LoM that's the baseline of where you need to get to.
I think ITM is really now formulating a good picture here. They're starting to underpin an estimate of the size, thickness and average thickness which is placing it into the realms of reality of a IAC project.
Of course we now await the met results for caralue bluff. ITM have proven a portion of ionic material on other tenements hopefully caralue has a larger portion. This is imho the best RvR play for aus based ionic clay. But it will live and die on the sword of the met work.
Those results should be in shortly.
View attachment 4612669View attachment 4612672Large expansion potential too. it might be time for me to increase position size and hope the met results come back positive - but of course always a risk they don't.
Market still not aware of this project and a lot of punter preferring much worse options in this space IMHO.
SF2TH
