Ann: Manono Lithium Project drilling program, page-180

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Bonsoy_Bandit

487 Posts.

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17/05/18

17:24

Post #: 33170257
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Originally posted by Dr_Manhattan ↑

Nice work! The region around holes 24,19, 17 looks good away from the water with the pegmatite heading west.
Here is a summary of all the holes so far as gathered from a few announcements.

View attachment 1107253
So holes 25, 26, 27 and 28 being drilled at time of writing and waiting on a lot of lab results.

* Estimate of elemental credits
Calculated the tantalum and niobium average grades from the core data for a few of them to get an rough idea of the average concentrations. AVZ stopped reporting these in later announcements.
Very crudely assuming an average concentration of 900ppm of Sn, 50ppm for Ta, 70ppm for Nb and
assume 1 tonne of 6% Li concentrate requires 5 tonnes of ore, those 5 tonnes contain,
1 ton of 6% spodumene = $900
4.5kg of Sn X $28/kg = $126
0.25kg of Ta X $130/kg = $32
0.35kg of Nb X ($80/kg) = $28 (went of FeNb price and scaled for atomic weight)
Unless its very simple, it seems the focus will be on lithium and tin.

* Some more pics of the drill locations

View attachment 1107256

View attachment 1107262 The blue lines are length of holes drilled, red is the length from surface to mineralization where information is available (note holes are not vertical but usually at around 60degree dip). Similar to salpetie. Looks like some big intercepts incoming.

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Hats off @Dr_Manhattan, simply top shelf analyses.

BB

AVZ Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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