Ann: High Grade Lithium Drill Hit at Andover, page-53

First 53 Last

Share
Profile

Follow
Waddo1

450 Posts.

26

15/02/23

17:06

Post #: 66268981
Share

Originally posted by Mr. Metorite: ↑

Concentrate that is 75% pure spodumene sells for around US$5400/tonne. Pure spodumene contains 8.03% LiO_2,no more. So, if a sample returns an assay of 1.2% LiO₂it should contain 15% spodumene. If a concentrate of 75% spodumene sells for US$5400/tonne that means that a body of 15% spodumene could be worth US$1080 per tonne if the spodumene can be concentrated to 75% (that would be 6% LiO₂). Making a product like lithium carbonate or lithium hydroxide that battery makers need takes a lot of processing, so I reckon that any spodumene mine at Andover would just produce a spodumene concentrate for sale, just like a how a zinc mine produces concentrate for sale.
The LiO₂percentages that have been reported from surface samples at Andover are select samples, and until some consecutive channel samples of say 5m long with +1% LiO₂are reported from across a pegmatite body that is say 50 metres wide, the SP is not going much higher IMO. The importance of the LiO₂ in ANDD0199 depends on the true thickness of the intercept of course, but it sure is encouraging. Since ANDD0198 drilled through 200m of pegmatite with a maximum of 0.13% LiO₂over a short interval it let the air of the hit in ANDD0199.

Expand

"multiples."..has a nice ring to it dont you think..
just how many is the ?
10.20.30..
i reckon 10 easy..based on prior takeover of earl grey by SQM...any takers on other multiple based on potential...of course..speculatiing here only..

AZS Price at posting: 30.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus