Snowden Mining Industry Consultants (“Snowden”) has reviewed results of recent drilling and provided a revised Mineral Resource estimate as at 21 October 2016 resulting in increases to Indicated and Inferred Mineral Resources now totalling 77.8Mt at 1.37% Li2O and 1.09% Fe; reported above a cut‐off grade of 0.5% Li2O. The previous Mineral Resource estimate released on 5 July 2016 was 60.5Mt at 1.36% Li2O and 1.09% Fe; reported above a cut‐off grade of 0.3% Li2O. The revised estimate represents an increase in contained Lithium content of 29.5% with a slightly increased cut‐off grade to align with pit optimisation parameters as applied by Snowden (refer to Table 1 below).
Should hopefully get some interest back in the company. Just need confirmation of first shipment
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