AS2

2.13%

4.8¢ askari metals limited

Askari Metals- Media coverage, page-139

First 139 Last

Share
Profile

Follow
Understatement

548 Posts.

158

22/08/23

23:03

Post #: 69489084
Share

Originally posted by westy9: ↑

Couldn't really tell you a %, but it's relying on a lot of factors. I'm by no means an expert, but here are some of many risks.

- Was there ever economic spodumene concentrations to begin with before weathering (over 15% of the pegmatite body needed minimum, in weathered zone currently shows 1-3%)

- Is the polylithionite from weathering, or has it been there the whole time as a consequence of the original magma geochemistry. If it's the latter, then the rest of the pegmatite will likely also be predominantly lithium mica, which is absolutely a project killer. For the record I have never seen an example of that much lepidolite/mica forming from pyroxene alteration/weathing. Doesn't fill me with confidence.

- Is the aquifer affecting the entirety of the pegmatite down-dip? Fractured aquifers love pegmatites and the faults or deformities that they intrude into, it offers great permeability. So there is no reason why the pegmatite can't be broken down below the currently known water level.

- Will a potential find of spodumene be big enough to justify removing the waste pegmatite sitting on top of it? This will be an underground or high strip ratio operation, with no DSO available for CAPEX assistance, dilution required. For reference, the grade of spodumene found by Andrada at the B1/C1 pegmatites would probably not be worth mining if it was below the overburden that Askari has due to weathing. Andrada has not mentioned any kind of weathering at these pegmatites.

Management don't seem to actually have much confidence in the potential of the diamond drilling program. Their actions have shown this clearly (delays, diverting focus to new "prospective" corridors, etc).

IMO the market is pretty accurately pricing in success likelihood, and probably attributing very little to the Aussie plays. I'm now only holding a few options for the diamond drill result. I'm not one to fall in love with stocks. I had super high hopes here, but over time both the geology and geologist competence/communication has become a let down. There are better plays out there.

Good luck to those who continue to hold. I truly hope they make a discovery and put Namibia on the Li map.

Expand

Hi,

When I am listening to Anthony from Andrada how wide spread pegmatites are and the sheer size of the pegmatite belts in Western Namibia it would be rather unusual of not finding Lithium on our exploration licenses in Namibia.

Probably some here jumped off the ship to early.

I will stay for a while and see what happens.

K

AS2 Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

2 Great analysis

Reply

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

BRX

Belararox delineates another porphyry in Argentina at Tambo South

FHE

Frontier Energy achieves key milestone for Waroona energy project

EMD

Emyria's Empax Centre chosen for mental health clinical trial

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

STX

Strike Energy secures $153 million for Perth Basin gas projects

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

There are more pages in this discussion • 29 more messages in this thread...

First 139 Last

Add AS2 (ASX) to my watchlist

(20min delay)
Last 4.8¢		Change 0.001(2.13%)		Mkt cap ! $4.689M

Open	High	Low	Value	Volume
4.8¢	4.8¢	4.8¢	$344	7.184K

Buyers (Bids)

No.	Vol.	Price($)
1	44066	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	107896	1

View Market Depth

No.	Vol.	Price($)
1	44066	0.048
1	3000	0.047
1	3000	0.046
4	20500	0.045
1	26200	0.038

Price($)	Vol.	No.
0.050	107896	1
0.053	49847	1
0.055	50000	1
0.056	14705	1
0.057	57710	1

Last trade - 15.45pm 21/06/2024 (20 minute delay)

AS2 (ASX) Chart

Askari Metals- Media coverage, page-139

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Belararox delineates another porphyry in Argentina at Tambo South

Frontier Energy achieves key milestone for Waroona energy project

Emyria's Empax Centre chosen for mental health clinical trial

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

Cultural heritage agreement puts Walford Creek exploration back on the map

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Strike Energy secures $153 million for Perth Basin gas projects

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Askari Metals- Media coverage, page-139

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Belararox delineates another porphyry in Argentina at Tambo South

Frontier Energy achieves key milestone for Waroona energy project

Emyria's Empax Centre chosen for mental health clinical trial

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

Cultural heritage agreement puts Walford Creek exploration back on the map

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Strike Energy secures $153 million for Perth Basin gas projects

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News