IR1 7.69% 18.0¢ iris metals limited

Ann: Lithium Results Continue to Grow the Beecher Discovery, page-98

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  1. 10,679 Posts.
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    Good one @Bigowey - thanks for sharing. Trying to read as if I were a newcomer, it was bit confusing as to where the intercepts were and which pegs were drilled - but the overall tone was confident and the inclusion of message from SL was also positive.

    However, overall it reinforces my view that an MRE and a PEA will make this so much more accessible to investors.

    @Kruiser 's mention that DMS metallurgy only is needed is also a big plus. I had not seen, or remembered that fact - thanks too.

    For comparison Liontown plans to use only DMS (Dense Material Separation, where a slurry is prepared of a certain specific density so that the ore mineral either sinks or floats and the gangue minerals do the opposite) LTR's all in cost to SC6 is ~ $750 which suggests a very profitable mine.
    Greenbushes uses the alternate path of WOF metallurgy (Whole of Ore Flotation) where a finer grind is subjected to froth flotation principles. Their all in cost is ~ $350 and suggests the savings from open pit mining on a large scale. More complex ores require the use of both methods, and magnetic separation too if iron is present, at greater cost.

    A PEA will disclose all the facts pertaining to IR1 and those two mines could be used as a comparison - for scale, grade and met work.

    All IMO, not advice.
 
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