Ann: Maiden drilling program commences at Tambourah Lithium, page-52

Might have picked up some drill holes at Tambourah with sentinel. They're not exactly where I thought they'd be - they're about 500 m east to where I was looking based on the information (Figure 2 shown below) in the announcement 26-06-2023. My maps where I overlaid Figure 2 on to may be slightly inaccurate.



Here's the sentinel images.

Base Case taken on 02-06-2023:


Taken on 15-06-2023


Taken on 30-06-2023. They may have found something interesting where the 3 holes are tightly grouped together.


There were 12 holes planned in total. TKM have finished about 6 now, so another 2 weeks should see the drilling finished. We should see the results sometime from the end of July to the end of August.

From st***head - experts/barry-fitzgerald-this-2c-lithium-stock-can-scale-up-at-speed-with-some-gold-on-the-side/

"When lithium explorers run, they tend to run hard. There are already lots of 10 and twenty 20-bagger stock performers out there. And there will be more.

That’s because it doesn’t take much in terms of the tonnage potential of a prospect to get the value creation wheel turning.Analysts at Euroz Hartleys recently captured that in their guide to the market’s current rule-of-thumb in arriving at company valuations for early stage discoveries and beyond.It went like this:

Every 10 million tonnes of potential spodumene resource creates $80-$100 million of exploration value.

Every 10Mt of resource that has a clear pathway to production creates $150-$300m of speculative development value.

And finally, when in production, every 10Mt of mining inventory is valued at about $1.2 billion (at spot prices)."

Looks like a decent punt to me. Long and broad pegmatites on the surface, good rock chip results, Rio sniffing around, ex PLS board members in management, lithium still running hot, and half way through the maiden drill campaign. For a spec share, this one's a no-brainer in my books. It'll be nice if this one's at $5.00 in 5 years' time like it's big brother due north. Hope we hit the mother load.

All just my opinions only.

GLTAH.