LIT 27.8% 2.3¢ lithium australia limited

Ann: First lithium drill hole at AguaFria Sonora Mexico a success, page-9

  1. 419 Posts.
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    I don't know why i bother reading these, this thread is full of absolute peanuts.

    1,000ppm is the cut-off point provided to Bacanora Minerals which determines if their is deposit economically viable or not. Since their site is neighbouring the LIT AIX JV site, it's fair to assume that the cut-off would be similar, as well as keeping in mind Bacanora use roasting etc in their mineral processing, where as SiLeach, L-max technologies are obviously a much cheaper alternative for Lithium recovery, so their particular cut off point maybe lower.

    These assay results are from only the first of 5 drills and thus far it's proving to be economically viable. The promising accuracy of their field based laser assay tech is also a bonus.

    There's no point in making any assumptions yet until the results of the 5 completed drill holes are available, though trying to write them off because they averaged 1,058ppm is nonsensical.
    Last edited by Bezzzzzo: 27/04/17
 
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