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1.03%

9.8¢ lithium plus minerals ltd.

With the spodumene estimates of 20-30%This is from LRS (My main...

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Jasongray

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227

12/08/22

22:26

Post #: 63089429
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Originally posted by Weally: ↑

Typically it's going to be an mafic/ultramafic - basalt, amphibolite, schists. Many companies reference "greenstone" terrains, which includes all of the above. Occasionally you get metasediments surrounding the pegmatites in some deposits like Wodgina and Greenbushes.

If you dig into the JORC table at the bottom, you'll find it's the metasediments of the Burrell Group. You'll also see the pegmatite is 20-30% spodumene, but make of that what you will.

It would be extremely uncommon for pegmatites to create an alteration halo, the temperature and fluid types aren't hot enough or acidic enough. The alteration you've mentioned would be more typical for precious and base metal deposits.

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With the spodumene estimates of 20-30%

This is from LRS (My main holdings)

"Latin Resource noted 5 intersections of drill core with a visually estimated spodumene content over 20%"

And their grades have been relatively excellent.. Upwards of 4% (only 1m) but averaging fairly high.

Can we compare the two estimations or is it a case by case basis? Obviously different geologists etc as a variable

LPM Price at posting: 69.0¢ Sentiment: Buy Disclosure: Held
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