Ann: Kathleen Valley Resource increases to 139Mt @ 1.3% Li2O, page-243

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OjohnEboy

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16/02/20

20:30

Post #: 42963469
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Originally posted by anatol ↑

Hi @vmp

What can I think mate. It's great of course.

I explained to probable resource size on my
Post #:
40855986
on Oct. 13 2019.

Briefly, min resource size might be around 200mt+ when we finished the whole drilling and margins of the mineralised system was defined. I said on a later post that 125mt is nearly guaranteed. Now after the current drilling I believe that it should be around 150mt in the second interim MRE.
After than they will keep drilling I believe, and the KV resource will increase around 25% more and reach at least to 175mt.

As you know D. Richards said "Importantly, this is not the end of the story in terms of the growth of this deposit". I am confident that they know what they have and what they are doing.

Here is what we have atm; 139mt @1.30% Li2O;

No need to repeat this is the 5th largest hard rock resource in the world other than African resources.

If it could be increased 25% more from here to 175mt the bubble chart would clearly show that the KV resource is in the major lithium resources camp of lithium valley.

@kevin103
Yes I was busy with other things and research in recent days and yes there are bigger things in my mind.

I think TG and DR will be in Europe in next two weeks. I am trying to make a research about European battery industry atm. My theory is; the European battery market will be bigger than Chinese market (there are a lots of facts supporting that) hence there is big business opportunities there. My other theory was Wesfarmers should buy KV resource if they want to be a serious player in the lithium industry. However LTR should not be relying only on Wesfarmers's buying plans and look for buyers from Europe.

After making some research we can make some analysis about who could be the potential buyers of KV deposit in Europe. That could also be a JV btw.

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Nice looking chart! Would also be great if you could also include the African resourses that you have left out for what ever reason e.g., AVZ an Australian company with a resourse in the DRC - 400 mt measured, 1.65 Lio2, 715 ppm tin and ta

LTR Price at posting: 11.0¢ Sentiment: Hold Disclosure: Not Held
3 Upvote

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Ann: Kathleen Valley Resource increases to 139Mt @ 1.3% Li2O, page-243

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Ann: Kathleen Valley Resource increases to 139Mt @ 1.3% Li2O, page-243

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