The 'swimming pool' theory was already proven with the earlier intercepts. The 186m intercept at 480ppm and 261m at 538ppm confirmed the hypothesis regarding the shape of the basin.
What Steve is targeting is a large high lithium bearing sand unit identified in the neighboring tenement continues across to LKEs drill site. The target zone has shown levels around 750ppm for the neighbor. So the big hope is for that particular sand unit to extend.
Either way, the theory has been proven and the tenement has some value. 538ppm with high fluid pressures is nothing to sneeze at. It wasn't supposed to be there.
DYOR
The 'swimming pool' theory was already proven with the earlier...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LKE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.0¢ |
Change
-0.003(6.98%) |
Mkt cap ! $66.52M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 3.9¢ | $753.4K | 18.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 731925 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 760271 | 12 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LKE (ASX) Chart |