ESS essential metals limited

Ann: Pioneer Dome Lithium Project update - amended, page-5

  1. 4,620 Posts.
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    Explosiveness? I thought this current round of drilling is primarily to move some of the inferred resources into indicated resources.

    I recall Tim Spencer saying in a presentation late last year that currently they have about 5.4 mt of indicated resources at Cade and that if they can get that up to more than 7 mt then I think the term he used was they would be "off to the races". Before now they had 2.8 mt of inferred resources at Cade so they would need to convert fairly much all the inferred resources to indicated resources or extend the size of the Cade deposit. I am not sure where they have been drilling recently already has inferred resources or if it is an extension of previously drilled ground.

    "Explosiveness" suggest to me that you think that this is fairly virgin ground not already included in the MRE (??).

    Having to wait 12 weeks for the assay results dampens any momentum for ESS. They need to find some goals they can kick in the meantime.
 
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