Thanks for your post Jim. IMO Azure probably has regrets not...

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28/03/24

08:44

Post #: 73095923
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Originally posted by Dianella 68 ↑

Yesterday I listened to Tony Rovira of Azure presenting at the Tribeca Future Facing Metals Conference in Singapore at the conclusion of which he said “this would be his last presentation before riding off into the sunset.”
He described the Andover lithium discovery as truly remarkable. Tony said that TA1 was all about AP0011 which is a huge pegmatite being over 2km long and over 100m wide and extending to a depth of over 500m.
TA3 is more a series of stacked parallel pegmatites more than 2 km long approximately 40m in width and with a slightly lower dip than AP0011 and also modestly higher in Li2O grade.
Tony said the MRE for Andover was originally to include only TA1 and was expected to be released in 1st Quarter 2024 (Calendar Year) however then it was extended to 2nd Quarter 2024 and to also include TA3.He now says June 2024 as they keep finding more extensions at TA3.
Come June 2024 Azure will most likely have been delisted so any MRE announcement will have to come via SQM. I presume.

Following the latest drilling news from TA3 via Azure’s announcement dd 20/3/24 a poster eastwest101 Post #72994932 on 21/3/24 calculated Andover to currently Total 324MT @ approx. 1.2% Li2O with TA3 @ 177 MT already bigger than TA1 @ 143 MT. With 8 rigs still at TA3 this tonnage is only going to get bigger in the future.

What does Raiden have?
Who knows, but we are getting closer to finding out.
Fingers and toes crossed.
GLTAH.
Jim.

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Thanks for your post Jim. IMO Azure probably has regrets not grabbing the tenements Dusko scored both North and South of Andover. Dusko obviously moved quickly and realised the pegmatites would extend into both tenements. Andover now a world class tier one project as their MRE keeps increasing. Exciting times for Raideners!

RDN Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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