Comparison between KDR & BGS,
Fully diluted market cap:
- KDR $75m
- BGS $71m
Assay results:
- KDR with deeper resource
- BGS with shadow resource
BGS: An initial Exploration Target at Goulamina is estimated in the range of 15Mt to 18Mt at grades between
1.8% and 2.2% Li2O (see ASX release 2 March 2016)*. Mineralisation remains open along strike in outcrop
and geological evidence suggests strike extensions are likely beneath shallow soil cover. For
perspective, hard-rock deposits which are currently under development host resources in the range of
16Mt at 1.1% Li2O (Mt Cattlin, Galaxy Resources) to 23Mt at 1.4% Li2O (Mt Marion, Neometals).
BGS just raised $5m, fully funded for evaluation program.
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Ann: High Grade Lithium Mineralisation Intersected at Bougouni-BGS.AX, page-401
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