Drilling late in March and early in April 2014 in the Koppio mine area has extended the extent of visual graphite mineralisation over a strike length of 525m and depth extent of at least 100m below ground level at the site of the historic workings. Twenty aircore and RC drillholes were completed for a total 1679m. Further details regarding the drilling program are included in Sections 1 and 2 of JORC Code 2012 Table at the end of this report.
No laboratory assays are yet available...
Not to familiar with timelines of laboratory assays, Strauss could you show some light on how long they would take going on 3 months now....
Looking at the mine itself:
Good shallow resource
Close to Port lincon around 100 per tonne for truck haulage from mine to port
40 million dollar processing plant
and management want production to start 2015
Con
Previous water table permits
low cash balances
LML Price at posting:
5.1¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)