Atlantic firing ahead: PLL Partner, page-61

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bombersmadd

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02/08/22

21:04

Post #: 62886036
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Originally posted by WhatsTheTip: ↑

Challenge accepted, but in fairness if you also added consistent true-width of 30m+ then these examples would be excluded.

GT1's North Aubry resource at Seymour does this. It starts at surface (eg SL-16-45 = 35.5% @ 1.8% from 1.5m). The first JORC resource from nearer surface drillings was 1.23Mt @ 1.47%. Many recent deeper drillings have been nearer 1.5% on the main body but secondary bodies have been included to increase the volume at a drop in the grade. The cross section C-D of 19 May 2022 would be better if they coloured the centre of the main pegmatite intersection a different colour from the background colour. It has has consistent >1% intercepts from surface.

Cade at ESS would need another one or two drill holes to confirm continuity but the diagrams on page 6/15 of 7 June 2022 would be coming really close to the definition you note. 4 drilling results through the pegmatite are noted in a cross section announcement of 7June 2022 with each >1% and each one 19m+ for a circa 15m true width. The recent drill result was near surface and still had good grades.

A wild-card that may also meet this test in 6-9 months is McCrombe that is now part of GT1. ADV was looking to know whether there was grade consistency so punched one drilling almost along-strike rather than the typical across strike. The result was 67m @ 1.7% from 4m so its passed the test of from surface and is massively over 1% on the currently recorded length. The current dip is near vertical but the drill result punched out the bottom (presumably because the pegmatite flattened slightly rather than abruptly stopped). If this continues at depth at anything more than a 0.7% average for the next 140m then it would be 200m depth at 1%. DD drilling by GT1 starts in 2 months.

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I agree, I should have added in true thickness being +30m to make it worth while

GT1 Seymor has underground operations written all over it. Nice grades of Lithium Oxide, but the thickness and dip doesn't have me jumping for the sky !

I am rather excited to see the remainder of assays from Ewoyaa come through over the coming few months. After reading through today's announcement a revised MRE of +50Mt at 1.2% Li20 is no longer just a possibility, but highly likely IMO

Exciting times ahead

PLL Price at posting: 62.5¢ Sentiment: Buy Disclosure: Held
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