DLI

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26.0¢ delta lithium limited

Delta Lithium General Discussion, page-985

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09/08/23

19:52

Post #: 69255175
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Originally posted by mistie ↑

I concur, based on reported drill holes data to date that early bird Back of Envelope Yinnetharra resource calculation can be undertaken for pegmatites M47, M36 and M1 by extrapolation:

M47 500m x 125m x 30m x 2.7 = ~ 5.1Mt @ 1.1% Li2O (DH ave to date)
M36 1100m x 175m x 19m x 2.7 = ~ 9.9Mt @ 1.5% Li2O (DH ave to date)
M1 1200m x 200m x 28m x 2.7 = ~18.1Mt @ 1.2% Li2O (DH ave to date)

Total 33.1Mt @ 1.25% Li2O for starters

Not far from the Bell Potters Yinnetharra “revised estimate of a potential Resource of ~40Mt” in their research note dated 4^th July 2023.

This potential resource is conservative in nature may I say, as it only accounts for three of the six spodumene bearing pegmatites discovered to date and does not take into account any depth or strike extensions that may be delineated by the drill bits.

Potential DLI SP on the Australian peer on peer’s sector JORC resource average EV value of ~$1,265t Li2O = $715M mcap or $1.36 per share as a minimum once the drill bit has done the talking and resources released to the market.

DLI 09/08/2023
Mcap $376M @ 72c fps (522M fps, $84M cash)
Yinnetharra, lower B of Env resource 33Mt @ ~1.25% Li2O
Mt Ida, ind/inf res 12.7Mt @ 1.2% Li2O + Au ind/inf res 141,000 ozs
DLI current value per res Li2O tonne (0.565Mt contained Li2O) = ~$665t

Still plenty of upside here if the right boxes are ticked in the short-medium term in regard to the Mt Ida & Yinnetharra resources, size does matter.

Accumulation time yet again for me. Tickety tock, let the drill bit do the talking. …. Bye …

……………………………………………………………………………………………….……
Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss

“100% of a potential Tier 1 Hardrock Lithium Deposit is better than 0% of F all”.
~ You Know Who

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Quality post @mistie, nice to have you onboard here.
On point as always and yes, let the drill bit do the talking.

DLI Price at posting: 72.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Delta Lithium General Discussion, page-985

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Delta Lithium General Discussion, page-985

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