DYOR. Not advice. This is an estimate of resource size based on...

DYOR. Not advice.
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This is an estimate of resource size based on some basic assumptions. Please only use as a possible indicator of potential resource size.

My IMO conservative estimate is a resource of 41.2MT based on the area that has been the focus of geochemical sampling ( this estimate is reduced by 30% from 58.9MT to allow for estimating area and to bias the estimate towards the conservative ).

QUR Thompson Bros Resource has a historic resource of 4.3 MT @ 1.3 LiO2.


The historic resource of 4.3mt is marked (in green) on a map from this announcement:



We know the area that QUR have sampled. So overlaying on the sample map (from the 8 November 2017 announcement):

1. A block indicating the 4.3mt resource.
2. Then overlay blocks the same size as the resource area:

• 6 blocks fully-sampled overlaying this area ( assume these will also yield up to 4.3mt each )
• Remaining blocks are partially sampled ( assume these blocks will yield a proportional resource ).
• Note - This method assumes a relatively uniform distribution of resource across the sample area consistent with the historic 4.3MT know resource.

3. Tally up proportional MT estimates for each block
4. Remove 30% from the overall estimate ( to allow for estimating error ).