These results are atrocious. Remove the 4.9% sample where they've grabbed a singular lump of lepidolite and every other sample which QXR's geologists thought might be worth assaying average out at 153ppm Li2O. This is so far beyond being anywhere near economical of 10,000ppm or 1% Li2O that its borderline deceitful QXR have lead the announcement with "Up to 4.90% Li2O".
For those above mentioning caesium, you find caesium in economic grades in pollucite, which only extremely experienced LCT geologists would be able to pick outside of sending away for assays or XRD analysis.
Furthermore, the user Black cat is also
blatantly lying about caesium mining, amongst nearly everything else they said, which took 30 seconds of googling to disprove - there's been 3 major mines in the last decade - Essential Minerals (ASX:ESS) Sinclair Mine in WA (now finished although potential for Stage 2 mining), the Tanco mine in Manitoba, Canada, and the Bikita Mine in Zimbabwe.
People proclaiming nearology to Wodgina and Pilgangoora are fools. They're both spodumene deposits and clearly the QXR tenements aren't fractionated enough to have spodumene mineralogy, as evidenced by the huge lump of lepidolite they've assayed below.
Further, there's no spodumene present here
@Danimaux as outlined by the company in the JORC table, page 10 "
The pegmatite dykes are weathered and include the mineral species - feldspar, quartz and muscovite mice" - yes the word mice is not a transcription error, QXR put muscovite mice in their presentation. Straight from the horse's mouth!
Furthermore, QXR are now looking to resample for REEs! You don't get REEs in LCT pegmatites, you get them in NYF pegmatites - and you know what you don't get in NYF pegmatites? Lithium.
Oh hey guys, whats that big purple mineral we found while looking for LCT pegmatites? Surely it couldn't be lepidolite....
Here's a well-published analysis for pegmatites to determine their degree of fractionation based on Mg/Li vs Li ratios, plotted with QXR's data - as you can see, all but the lepidolite sample fall under typical granites - obviously. The rest are near-barren in terms of lithium mineralogy.
But wait, there's more! The disaster continues:
"
Looking ahead, additional mapping and sampling will be undertaken in the other priority areas aimed atidentifying additional pegmatite dykes or dyke swarms at Turner River" QXR here have spelled it out in english for all the holders - additional mapping and sampling will be undertaken in
other priority areas. The company is telling you this was a duster and you're still all to blind to see it despite so many geological facts being presented throughout the document - purely because you likely can't understand anything beyond the first few dot points the company places on page 1. Clearly no one has read the results and JORC compliance table on pages 8, 9 and 10.
With regards to LPD and their mica processing technology - its been proven
in a pilot plant, and not at commercial scale, so at a
commercial scale it is unproven technology - anyone telling you that LPD's process will be cheaper than DMS seperation for spodumene is lying because they have zero proof of the economics at scale - most ASX spodumene producers can extract a ~5% spodumene concentrate at between $300-400/tonne in the realm of 100ktpa spodumene produced. The Chinese are extracting lithium from lepidolite but there is zero chance they're going to hand that processing information over to the West, you're dreaming if you believe so. There is no lepidolite processing listed company in Australia - there is only
three companies listed with
JORC compliant lepidolite deposits -
Lepidoco ( ASX: LPD ) Karibib project, ASX: PAM's Reung Kiet project and ASX: EMH's Cinovec project.
The lying, upramping holders here are beyond delusional and blinded by the
actual facts the company is reporting on here, hidden behind the facade of the title of an ASX announcement. There are many lying users here who are misleading those holders here don't fully understand the complexities of lithium pegmatites. You could all learn a lot if you actually opened a scientific journal on pegmatites once a while. What a disaster of a release.
(20min delay)