What a bizarre and peculiar announcement to release after-hours...

What a bizarre and peculiar announcement to release after-hours on Thursday.

• Sample A hard to tell but could be similar to Sample B; Sample B looks unique if not part of A; Samples C & D are similar in level of alteration; E & F look to be the same sample with F being under long-wave UV; Samples G & H also appear to be the same sample with H under UV light.
• It doesn't take a genius to work out samples B C & D are strongly altered spodumene. Anyone who has seen the mountain of spodumene photos reported onto the ASX should be able to pick some of these don't look like what is typically represented. These are a curveball for assay results, could come back with 0.001% Li2O or could come back with 0.5%+ Li2O.
• Samples EF & GH however look less altered and the reference to orange luminescence in the unaltered spodumene would correlate well with samples EF & GH.
• If they are estimating up to 5-20% spodumene, we can estimate unaltered Li2O grades of approximately 0.4% - 1.6%. Discount by maybe 25% to account for alteration gives you a range of 0.3% - 1.2% Li2O.
• 5 samples of spodumene, either unaltered or altered, were sent to the lab for Ramen analysis
• 18 samples sent to the laboratory, 2-3 could come back above 1% Li2O
• We can overlay CZN's spodumene Ramen response over a representative spodumene Ramen response to understand the levels of alteration
• Red shows a very strong correlation to unaltered spodumene (is this sample GH?)
• Blue looks strongly altered (sample B,C or D?)
• Pink & Purple are the next least altered, possibly from samples EF
• Expected degree of sample alteration: red > pink > purple > green > blue
• You don't get coarse spodumene-albite pegmatites from thin air. The question is, can they find it.

The Ding paper can be found here: https://ejm.copernicus.org/articles/32/67/2020/ or by searching for "Raman spectroscopic identification of cookeite in the crystal-rich inclusions in spodumene from the Jiajika lithium pegmatite deposit, China, and its geological implications".

On the left: Ramen spodumene signatures overlain on top of the inclusion-free spodumene example;
And on the right: blue, green, pink and purple Ramen signatures overlain the red Ramen analysis (assumed to be least altered):




P.S Hello to the Corazon team because it is abundantly clear you read this. You're gonna have to market yourselves better than this because you have a mountain of doubters.
P.P.S You have an even larger mountain of structures that could be favourable to pegmatite emplacement within the greenstones.