AZS 0.00% $3.69 azure minerals limited

Banter and general comments, page-211

  1. 536 Posts.
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    Maccas mate you are always on the monies thats for sure. We will have to wait and see which interpretation is correct in due course. Both of the scenarios can play out very well for us here in all cases.

    "In addition, it is possible AP011 and AP012 connect at depth. If that were to be the case, then we are looking at a very large deposit of 1.5km by 300m (at least) possibly very fertile deposit of Lithium."

    Mates if that was the case then 1500 * 300 * 2.7 = 121.5mt from only those 2 pegmatites alone [not forgetting that there are 13 high priority pegmatites and +700 pegmatites in the projects area. The pegmatite swarm is contained in a very large area the potentials is insane].

    High priority pegmatites = those whom have confirmed high grades of spodumene on the surface sampling with assays over 2% 3% 4% up to 5% on the surface.

    The great thing about AZS is they didnt just take a few samples they took hundreds and hundreds of samples with high grades confirmed on the surface via laboratory assays. The key risks is the grades down below but as other posters have mentioned that they have already intercepted 1.5% to 1.8% lithium grade at depths on the first lithium assay [when they intercepted lithium whlist drilling for nickel sulphides]. Whlist no end-game is guaranteed this is a great RvR plays here [Even SQM thoughts so hence their entry onto the registrie after months of boots on the ground and back-room data due dillgience on the projects].
 
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