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$3.69 azure minerals limited

Ann: Substantial Lithium Results Continue From Andover, page-44

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KaMei

297 Posts.

106

16/01/24

20:27

Post #: 71910868
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Originally posted by eastwest101: ↑

Some reasonably low grade intervals in those recent assays in this announcement but some decent expansions in volume especially in TA3 areas in AP02 AP03 and AP04. As others have mentioned, the fault interpretation has largely held up, and the zones seem to have some regularity and tabular predictability in them as far as grade and thickness is concerned. I didn't use the visual estimations of Spod in recent drill holes, so this is assay only data.

Approx 213Mt starting to get close to the upper bounds of the initial "Exploration Target" numbers, which a lot of people scoff at, but in this case its turned out to be a reasonable guess/estimate for AZS.

Was starting to worry that the drill rig news would slow down but good to see more results here. Still got a small holding myself here.

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your calc seems not to include the 40% of MC. So the value reflected in the actual AZS share price for the Li contained should be something like 1094 $ .

AZS Price at posting: $3.67 Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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