They are drilling the first Hole at Mario Angel tenement. That spots contains 40,000 tn LCE. Consistent 100 m depth all along the main road and towards the salar, as per TEM survey.
LEL used upper estimate 20% yield, and lower 10% yield. 10-12% yield consistent with ALKEM. So I have used 10% scenario.
LEL used upper estimate 700ppm content, and lower 500ppm. 600ppm consistent with ALKEM. So I have used 600ppm scenario.
Mario definately 100m deep.
Payo2 South/Chico TEM shows areas of 350m depth. Rest on 100m. I used average 200m for that spot.
Payo 1 still unknow, so I assumed 100 m depth. TEM survey will be disclosed soon.
I only used the area highlighted below which was already disclosed as "interpreted deep sand boundary", and moved it 1km inward further as proven by the Mario TEM survey. Silvia Irene is the spot to install the ponds.
With above assumption (conservative), below is my estimation of the JORC..... It looks to me a decent 2 to 3 Million tones of LCE. DYOR.
Happy to hear feedback from everyone.
They are drilling the first Hole at Mario Angel tenement. That...
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