Ann: Phase Two Drill Results- Further High Grades From Lynas Find-DKO.AX, page-31

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jonatb

594 Posts.

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15/07/16

09:54

Post #: 18275974
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Originally posted by Tattswah ↑

Happy days
Open to the east and north with the most eastern holes being -
Hole 44- [email protected]%Li
Hole 45- 25m@2%Li
Both intersects relitivly shallow.
U can visually see the fault that these holes were drilled near and the "drop off" is exposed and visually(outcropping)u can tell it's going to "add some Fat" to the resource!!
So the east and north will extend even further wth high grade Spodumene!!
That's great
Holes 51 is 400m south and the interest in total is 35m @1.6% Li
So the assumption made by some "experts" on here that the resource diameter at central is only 200m by 300m is grossly incorrect
Central is already double that at around 400m x 800m minimum and still open east,north and somewhat to the west
Without calculating we in money and are already up near a "Galaxy" size resource if u take into account our grade.
I'm guessing 8-15mt at 1.6%Li
Very positive statement By management as well indicating the resource at central is very much a money maker

"Although still open at depth, the results of this round of drilling have defined the Lynas Find Central area sufficiently to conduct resource modelling and estimation."
Not bad for a $28m company with $14m cash in the bank and own more tenements at Pilgangoora that they are sampling now as well as a great assest in Portugul
Very impressed

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Hi Tatts

Thanks for your thoughts and i hope you are correct. You mentioned 400x800m central area? How have you come up with that? We haven't even drilled that kind of area to date?

DKO Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Ann: Phase Two Drill Results- Further High Grades From Lynas Find-DKO.AX, page-31

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