DLI 0.00% 21.5¢ delta lithium limited

Hey @DullesTower, Im not sure where you got those numbers from -...

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    Hey @DullesTower, Im not sure where you got those numbers from - 150,000t and 75,000t?

    As I've mentioned previously, I'm pretty sure an analyst had estimated an initial MRE from drilling to date at Yinnietharra, that number was roughly between 20Mt and 30Mt from memory, I am being conservative and hoping for a 15Mt intial MRE from Yinnietharra which would give Delta roughly 29Mt MRE (including Mt Ida but excluding Jamesons and the recently acquired mineral rights). If Yinnietharras initial MRE does come in around 25Mt as estimated by an analyst, then that would give Delta a combined total between Yinnietharra and Mt Ida, of around 39Mt, with more drilling to be done.

    From my understanding DF had performance rights at an MRE of 50Mt, 100Mt and 150Mt (cant quite remember), so there must have been some optimism within the company that these numbers could potentially be hit, whether or not they do remains to be seen.

    It now sounds like CE and co want to go hard with the drill bit next year, hopefully we get some decent results and continue to build our MRE. Initial MRE for Yinnietharra will be interesting to see.

    If im off here, please correct me, cheers
    Last edited by Jimmy08: 05/12/23
 
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