Market Cap PLS currently close to 600 million AVZ at 14c...

First 80 Last

Share
Profile

Follow
PASBOZ

5,890 Posts.

1869

22/08/17

09:51

Post #: 26652786
Share

Originally posted by TheArchitect ↑

Awesome announcement, just what us holders were all hoping for and wanting!

As already commented from others, the part at the end is amazing:

" These results again confirm AVZ’s understanding of the immense size of the Manono Lithium project.

Three of the Kitotolo sector pegmatites have now been drill tested confirming the presence of large lithium, tin and tantalum mineralised pegmatite bodies over a strike length of some 4 km within the Kitotolo sector.

These results support the exploration target of between 400 and 800Mt of 1% to 1.5% Li2O at the Kitotolo Sector alone.

Additional resources are also expected to be defined within the northern Manono Sector"

400mt - 800mt of 1%-1.5% Li2O just at Kitotolo!

Can see why calls of 1 billion to 2 billion tonnes were being made now.

Great intersections 1.51% Li2O at 65.86m along with others.

Some have already covered things in posts here but I suggest reading the announcement, as there's quite a bit of detail.

Really clear and very well laid out presentation as well, straight to the main points and explains everything, no trying to dodge or hide things.

Still 2 more drill results to come as well!

See what today brings with the markets reaction.

Expand

Market Cap
PLS currently close to 600 million
AVZ at 14c 265million
Confirmed AVZ 2 times the size of Pilbara and further scale to be confirmed this month.
at least 25c to 30c in my opinion market reaction

AVZ Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
17 Upvote

0 Great analysis

Reply

Top Stories

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Making money: How many microcaps should be in an investor's portfolio?

What each US election outcome would mean for Australian companies & investors

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers