LLL 0.00% 50.5¢ leo lithium limited

The Liontown DSO was not part of their Reserves because it is...

  1. 4,043 Posts.
    lightbulb Created with Sketch. 6770
    The Liontown DSO was not part of their Reserves because it is not suitable to put through their plant.

    In the Jan 20 conference call Tony said re DSO:

    ".....very conscious of contamination & dilution, this material has a high % of ** bro which is the waste rock, which would give poor recovery

    ore sorting may reduce it"

    The ** bro (have to put space in or HC censor it) was found to have circa 10% iron content in their test work.

    They were going to put an update about it in the June Q (March Quarterly) and in the latest presentation May 2, they said DSO is "being pursued"
    No update has yet been provided, including the grades they said they'd update on back in January.

    One thing is for sure, they will not get the grades (hence price) we will be exporting (1.68% with only 0.73% Fe) because their better grades are very deep.

    edit - that rock is g a b b r o

    Last edited by Red Baron: 04/07/23
 
watchlist Created with Sketch. Add LLL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.