We have an initial resource of 10mt Li oxide, with the recent batch of assays only representing 1,700m worth of a 10,000m drill programme. Patience is needed.
Interesting to see some previous commentary surrounding the Marble Bar project, hosting the initial inferred Archer deposit, with a 10m wide outcropping pegmatite that remains untouched, with an open field of outcropping pegmatites to the south etc. Obviously, the region hosts a large amount of potential for significant discoveries when you broaden the horizon of the tenure package, whilst we still look to acquire additional tenements that remain prospective.
Seems like Eastern pegmatite is a little more complex than previously interpreted, although still very encouraging & requires further interpretation. Perhaps geotechnical work.
Management seem to have a connection to market expectation & an investor-related understanding of shareholder value/communication, which is always incremental.
Eager to see these preliminary metallurgical & geotechnical results/testwork, as I've noticed we're running quite a high cut-off grade for the initial inferred resource, which is understandable but represents the significant potential to lower the cut-off grade as expansion takes place - subject to lower levels of deleterious elements (I'm not a metallurgist so take this with a grain of salt [Idiom]). Be great to grasp good understanding of the complexity of those pegmatites down-dip @ Archer.
Investors often have the tendency to underweight the value & subsequently the 'value-add' that invaluable management bring to the table.
We're blessed to have Bryan Bourke lead our Exploration with his experience in the region delivering the discovery of AJM's resource (50mt+ >1%). Absolute class, whilst his wealth of experience includes relationship/rapport with locals & traditional owners (fast-tracks the drill bit turning via heritage being seamless), understanding of the geological setting & structural complexity of these pegmatites (critical IP) & having the accessibility to acquire/expand our projects with ease.
The calibre of tenements acquired is the main concept, where we cherry-picked the Greenstone. See below.
Additional tenements acquired to the South of Archer Deposit, which remains in 100% ownership for a clean structure/acquisition:
Check the tenure package we hold (>360km), we've only just scratched the surface, yet to step out the drill programme to the more regional targets systematically.
Very encouraging to see tenements E45/5843 and E45/5812 the EAST of Archer Deposit being Granted recently too, once again, emphasising the Value-Add from experienced management operating the region for years.
12 x holes drilled, with multiple outcropping pegmatites hosting Spod mineralisation, with little to no follow up from previous companies as they reverted to the next HOT mineral pump at the time (2016) as the Li sector began to retrace before this legislative revolution arrived:
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We have an initial resource of 10mt Li oxide, with the recent...
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