Ann: Shareholders General Meeting Presentation, page-60

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dolcevita

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14/06/23

16:47

Post #: 68285524
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Originally posted by calmbeforestorm: ↑

Just listened to it (dated last Thursday). He was extremely positive - key takeaways regarding lithium :

- he confirmed they may be finished the 40,000m of drilling Aug/September (September was my estimate) and then they will just roll on to another drilling program - they will need to do a cap raise for the next drill program and I am anticipating a big CR up to $100m
- each RC rig is drilling 1 hole a day and DD are running 24 hours a day - we are going to see heaps of assays from July onwards
- he mentioned they are seeing significant amounts of visual spodumene in the cores and realistic that they will return some very high grades from assays
- they can trace individual pegmatites for 1.5 to 2 km
- has potential for Andover lithium project to be ‘very very large’ - he has ‘high expectations the lithium project will be really good, really large and hopefully as big as LTR’
- he stated ‘ the lithium project will blow the nickel project right out of the water’ and ‘ the lithium project looks to be of world scale ‘ and if so they will not focus on the Ni deposit anymore

He is as hoping first assays this week! Wait for the TH!

Tony sounded the most positive and excited I have seen him in any interview or presentation about the lithium.

If Tony’s expectations are met the current SP is very very cheap.

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This has a very good preso with segments on the Li market gap for 2030 onwards, Liontown but the analysis of market has relevance to AZS
https://assets-global.website-files.com/61669ea82e17647e6d6f6acb/6451f09e588f28ba307faa5b_LTR-Presentation-Macquarie.pdf

AZS Price at posting: 92.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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