“???Why all the excitement??” you asked about KDR here and...

“???Why all the excitement??” you asked about KDR here and there.

Back of the envelope Earl Grey lithium resource, based on drill assay results/visuals and approx. weighted averages to date and assuming a conservative strike of ~400m (parameters reported by the company in last release), IMO.

Sectional: ~ 700m down dip extent, 80m width, 400m strike @ 1.56% LiO2 for 60.9Mt, ~950,000t contained LiO2. (PLS SG’s: oxide 2.53 g/cm3, transition/fresh 2.72 g/cm3).

Strike and down/up dip extent could be on the conservative side with mineralization at 41.9m depth and getting closer to the surface as the drill rigs head south.

The above is a worst case scenario and highly unlikely. The conservative 61Mt Earl Grey only resource is almost twice AJM (Mcap ~$195M) and half that of PLS (Mcap ~$620M) and a likely much higher industry grade will be achieved than their 1.07% and 1.22% LiO2 resource grade, respectively.

Considering the thorough research you normally do, I am surprised you down ramped Kidman here and on the KDR site.

PLS has an awesome resource and a leg up, but don’t discount KDR. DYOR, please and good luck.



“In time with drill meterage and assay results to boot the spodumene bearing pegmatite swarms at the Mt Holland Project will rank highly and within the upper echelons of the current Lithium fields in WA, IMO.”