FBM 15.8% 3.2¢ future battery minerals limited

Ann: PEGMATITES AT NEPEAN TO BE ASSESSED FOR LITHIUM POTENTIAL, page-36

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    Well for starters, I don't think there will be high concentrates of spodumene throughout that large peg, however, there may be small zones of it. If yes, then that zone may also follow up-dip to the surface which would be the main focus.

    By itself, it would be too deep to mine, however, lithium and nickel credits may make it economical on paper or at least to review.

    I don't think this is the company's main focus though. We know from a podcast that AOU has an NDA with another company for a potential lithium JV. Given what has happened recently with OBM with their sale of Mt Ida to RDT - AOU probably thinks it won't hurt to have a look to see what they may have.

    I think the pegs to the north of the mine and closer to the surface will have better potential for spodumene mineralization.
 
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