Ann: Update - Proposed issue of securities - ESS, page-65

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19/08/21

19:04

Post #: 55424878
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Originally posted by ironman100: ↑

Morning all

I noticed around 40mil shares churned in the last 5 days above 17c - some nice volumes.

not sure why, however now I'm able to access older company reports.

Some nice pics of our CADE deposit - lots of good work been done here.

This ones a beauty showing the consistent high grade core of the deposit - in long Section.

Nice x section here

In one of my previous post I tried to determine how much tonnage could be added for an extra 200meters depth - (and got it wrong)
I will have another go in light of this new information

Work on 550m width 200m vertical depth assuming dip of the peg bed about 45deg means about 280m planar length using Pythagoras,
2.6 specific graity..
Thickness we can use the 3 deepest intersections, and get an average lets say 14m @ 1.2% Li2O

so 550x280x14x2.6 = 5,605,600 tons (for 200m vertical depth)

So every 100meters in Depth vertically we can prove up (assuming these figures ) and assumption that grade and thickness stays consistent we can add 2.8Mt to the resource.

Now compare the CADE resource to CXO where they are going to mine 2 open pits and 3 underground pegmatites.

Lots to be exited just with CADE!

Expand

Those sections are great thanks. Not sure why they didn't use them in recent communications instead of that weird grade mosaic.

ESS Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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