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Ann: Lithium-focussed Drilling Results, page-13

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w27

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26/07/18

12:55

Post #: 34574416
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Originally posted by EagleOnEagleSt ↑

Interesting to note that;

"27 holes were funded by a potential off-take partner specifically targeting lithium". There's obviously someone rather keen on extracting some of the petalite/lepidolite from our mine.

Also a few notes;

- Drill hole 182, hit 4m of caesium with a respectable grade (which is ~25m north of our current JORC)
- Drill hole 189, hit 2m of ditto (looks like just infill drilling)
- Drill hole 202, hit 2m of ditto (which is about 10m west of our current JORC)
- Drill hole 211, hit 2m of ditto (which is about 15m south of our current JORC)

So I'd like to think our JORC is slightly upgraded over the coming month or two once the data is all input etc.

We also hit lower grade caesium in most holes, some of it like in hole 215 which hit about 5m @ ~0.5%, this might be perfectly fine for Cabots to process? It's also outside the current JORC.

Something which hasn't been really report is the very high ppm for Al, which I think is aluminium oxide? it's pretty consistent through the whole ore body.

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Aluminium is about the most common element in the earths crust. It is one of the major elements in the three components of clay. It is almost certainly just waste material.

PIO Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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