GW1 greenwing resources ltd

Ballpark Mineral Estimate?

  1. 392 Posts.
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    So if we assume the lithium brine is only below the surface expression of the Salar (extremely pessismistic and improbable).

    Surface Area = 2800 hectares

    https://hotcopper.com.au/data/attachments/5098/5098617-d3f164b7ac673326d7d4c397c534826a.jpg
    We have depth of brine to at least 100m as per the TEM survey, not sure at full depth, but taking that as a minimum.

    As per seimic it could be upto 250-400m.
    https://hotcopper.com.au/data/attachments/5098/5098635-be4864cee7e2d6be5a4253e25f343c55.jpg


    Depth = 100m

    Specific yield I'm going to assume a fairly low 10%, and anything more is upside.

    Spec Yield = 10%

    Finally, grades at surface were above 140/150 peaking at over 200... Assuming 150 mg/L Li then (with higher grades a bonus)..

    Grade = 150 mg/L

    Lithium contained estimate = 2800*10000*100*0.1*0.15/1000*5.33 = 223KT LCE

    This is taking pretty conservative figures, a more blue sky estimate below:

    Width of Aquifer from TEM - 4600M
    Length of Aquifer from comments - 8000M (Greenwing noted the northern part of the salar is lower grade, and is affected by hotsprings and such diluting it)
    Depth of Aquifer - 200M
    Grade - As per TEM, surface resistivity is a bit more so there's some chance we might have higher grades below as these were all surface. 250mg/L
    Specific Yield - Keep at 10%, Galan uses 12.5% SY for their sands, highest assumptions are 20% from LEL (which is just not realistic).

    Lithium contained estimate = 4600*8000*200*0.1*0.25/1000*5.33 =980KT LCE

    Just some napkin maths for when the drill finally begins (if the lifestylers can actually do what they promise). Fairly good potential, but a relatively smaller project, like an Anson, rather than a Galan.

 
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