General Discussion AGY, page-629

Reading through the slideshow, there is a table of resource indication for whole Rincon. Comparing to AGY site drills so far, they are achieving the average thickness which putting AGY to lower estimate bracket for next drills to 300m unless thicker black sand than average.

Current drill to 102m include 22m of black sand out of the 72m average. There is one drill went to 147m depth and finished in black sand. hence 22+45 = 67m that's close to the average thickness which is good news but now the question is how deep that black sand goes.

Focusing on black sand because black sand has better ton of lithium per meter of thickness rate than Halite base off the 102mbgl exploration. Believe its the yield percentage IMO DYOR. Also AGY black sand lithium grade is bit low, hope better grade deeper.

Assume AGY meet minimum the average thickness:
At 152m bgl black sand ends. Total 50m. Base off the 102m bgl rate - 80000t/22m= 3636t/m. Therefore 50mx3636 = 182,000t LCE
Between 152m - 300m that's 148m of component Halite. Base off the 102mbgl rate - 3000t/8m= 375t/m. There fore 148m*375 = 56,000t LCE

182,000+56,000= 238,000 t LCE. In Jan announcement if Halite > Clastic then at lower bracket estimate of roughly 250,000t which aligns with 148m of halite vs 48m of black sand (possibly mix of clastic and halite). Hate to say is that how AGY come up with their estimate.

Bright side still double of current indicated resource, finger cross on close to triple.

This is just my theory DYOR.