LTR 1.28% 79.0¢ liontown resources limited

Ann: Mineralised system extended 400m north at Kathleen Valley, page-73

  1. vmp
    13,264 Posts.
    lightbulb Created with Sketch. 9091
    @anatol The resource is now so big at 74.9mt, now the 5th largest hard rock deposit in Australia that it’s almost pointless to keep drilling when you have a 30-40 year LOM. However As we’ve been suggesting, this is being expanded to attract the best offer for TG and all shareholders. Whilst I agree it’s okay to test the down dip extent of the feeder zones to be able to explore options for underground mining and define a maximum MRE, it is equally important to perhaps drill a few, perhaps 4 holes in the Mt Mann south, spaces at 100m from one another in a square space to test the presence of another elephant. If such drills return good intercepts, KV could well be a 200-300MT deposit when fully explored. If we’d hit another squid south of Mt Mann pegs in just few test drills, this will skyrocket defying any doom and gloom forecasts.
    Last edited by vmp: 10/10/19
 
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