Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5

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01/05/22

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Post #: 61129263
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Originally posted by retrac: ↑

Yes it is interesting that there is no mention or an inclusion of the photo of the core from HGD0001 being that it is significant in regards to the Lithium developments during the quarter. Of course it may be that the quarterly is just a summary of activities but I would have thought it would have been included.

One aspect that hasn't really been discussed either is the 14 RC holes that were drilled in the vicinity of HGD0001. If HGD0001 hit pegmatites then there is a fair chance that some of the RC holes intersected pegamites too. Obviously we don't have nice photos of the core for these holes being that it is RC however the rock chips would have been analysed visually and with XRF on site. What was the initial analysis from the on site geo's?? The company is professional in their approach so we will have to wait for assays but there may be a pleasant surprise.

The 14 RC holes average approx 132m being that there was a total of 1852m drilled. The pegmatites hit in the diamond hole was between 86 - 94m and 131 - 146m hence the RC holes would have been at sufficient depth to intersect pegmatites. I have used an average depth for the RC holes but Im sure there would be variance, some deeper and shallower than the average.

Anyway, some exciting times ahead with the new string to the bow in Lithium. So much of the focus has been on Gold and Nickel for good reason but it maybe that the Lithium trumps the lot. Let's see how it all plays out!

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From the 31 March ASX announcement:

MXR Price at posting: 9.8¢ Sentiment: Hold Disclosure: Held
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5

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