Not sure why the feak out today as it wasn't needed IMO, People forget so easy
HIGHLIGHTS
• Crush size doubled to 12.5mm and recoveries and grade remain high demonstrating very
coarse liberation of spodumene:
○ Average recovery of 80.5% of Li2O; and
○ production of extremely high-grade Li2O concentrate (up to 6.6%) from simple Heavy
Liquid Separation (HLS).
• Exceptionally clean concentrates in -12.5mm+6.3mm size range. Concentrates well above
7.0% and as high as 7.96% Li2O achieved.
• Results show excellent consistency across the width and depth of the known ore body.
• Very coarse liberation results in minimal fines generation (~12%) which indicates a final
plant design may have a low reliance on floatation as a necessary step to achieving high Li2O
recovery. In addition it indicates a reduced size of any floatation plant if this option is
pursued.
• Consistently low Fe grades in head samples and HLS concentrates is promising for the
marketability of Salinas concentrates.
• The Company intends to proceed with bulk pilot plant testwork based on the very
encouraging results obtained in this program.
Geez thats was a few days ago now
Significant upside growth potential identified at Colina, with SGS confirming an independent
estimated JORC Exploration Target Range ("ETR”).
• Recent drilling at the Colina West prospect, 500m to the west of Colina has confirmed the
continuity of the thick high-grade spodumene pegmatites intersected in drill hole SADD033,
with a further three holes intersecting the newly identified pegmatite swarm, assay results
pending.
• Aggressive 65,000m drilling campaign planned for 2023 with the addition of four more
drilling rigs for a total of eight on site, this is designed to fast track rapid resource growth at
the Colina and Colina West Deposit and underpin a rapid move towards potential future
development.
• Preliminary Economic Assessment (PEA) is well under way to allow fast tracking of DFS in
2023.
What's not to like ???
Have money in the bank and a Aggressive 65,000m drilling campaign planned for 2023 with the addition of four moredrilling rigs for a total of eight on site...
If it was a NO GO then they would have shut it down guys, Today's spit was sector wide onto of the TH & ad in some stop losses getting hit.
Should see some green tomoz once people actaully read the announcement if they were unable to at work etc...
GLTAH
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Not sure why the feak out today as it wasn't needed IMO, People...
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