I have been going through ADN's announcements and found that...

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20/09/20

21:30

Post #: 47487959
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Originally posted by wombat777: ↑

These still have very high content of impurities. It's the impurities that are the problem as it drives up both the CAPEX and OPEX necessary to remove the impurities to a level where you have a marketable product.

It's the -45 fraction that is important.

View attachment 2496701

These are just 3 samples. 100s, if not 1000s of assay samples are required to define a resource.

Then looking at brightness from the same report, brightness is just 72.

View attachment 2496710

ADN at the resource level has a brightness (reflectance) at the resource level of 82.2. To achieve an average brightness of 82.2 at the resource level a lot of assays need to be in the 90 ballpark.

View attachment 2496713
ADN's premium grade product will be sold with a brightness of of 90. It's the reason they will be able to achieve strong pricing and margins.

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I have been going through ADN's announcements and found that MINOTAUR EXPLORATION LTD (MEP) were the previous holders. I haven't located their initial tests yet. It would be great to see their initial testing/sampling and subsequently their progression in quality , grade, size etc. I'm not suggesting 3 samples are sufficient to define a resource and I'm not trying to compare apples with oranges. The question obviously is the potential. I admit I didn't know anything about brightness and it's significance. So lots of learning needed , hopefully by the time we start drilling I'll know exactly what to look for. Thanks for the pointers mate, I really appreciate your time on this one. I hope we can get your opinion once we start getting assays etc. Cheers

LRS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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