Right, so the announcement yesterday had some good technical info there, for me it hugely de risked us imo
Flow from clastic 29 was at a phenomenal heat, but for me even more important was the artesian flow rate. Now the piping is 2 7/8 inch tubing which I suggest is smaller than what we will use at lca1 once approved.
As to the flow the announcement the team put out is 45,600 gallons per day which in our language is 173,000 approx litres per day. Wow, 173,000 litres per day flowing just from one clastic zone from one hole.....imagine having 4 plus production wells targeting various clastic zones for production. !
A few things about that:
- the company has estimated total brine volume been 65m and 130m. Well if One clastic zone flows at 173,000 litres per day if that flowed every day that’s 63m litres of brine per annum just from one clastic zone and from One well. Ok so maybe the flow may not be as high all the time, however I think we will be amazed with our jorc resource for Li much less the other minerals. The estimate of brine is so low it’s becoming laughable, but management are constrained by the asx on what they can include in announcements.
-the flow from one hole and One clastic zone of 173,000 litres per day at our estimated li percentage ppm equals 270 tonnes of lce per day once processed. Let’s say conservatively at 14,000 dollars per tonne ......I hate to say it....it blows my mind.....that’s 3.78m dollars per day conservatively from One clastic zone and one hole.
- when I also consider the additional minerals it becomes even better, the mg for instance from 173,000 litres would see mg of about 7700 tonnes per day at the prevailing rate for mg I can’t even mention the figure without shuddering.......and we haven’t even got to bromine or maybe even iodine
I think anyone here over the last year or so knows I like to research and post some thoughts, but I am genuinely more excited now with where we are at than earlier this year when the share price was higher.
I’ll have some more to say over the weekend about all of this but just know imo management here are brilliant, the focus and dedication is very impressive.
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