KAI - Gold or Lithium play?, page-7

Hi @GammyJemm,

This what PLS said in their last June Quarterly, Section 4.2:

"A systematic grid-based surface sampling program has been designed and scheduled to
commence over the southern extension of the Pilgangoora project area in the September
2022 Quarter. The area overlies prospective geology that has yet to be drill tested."

Sounds like surface sampling starting in September followed up by drilling in the near future, assuming they continue to find spodumene. And that's a stone's throw away from our tenement border.

Further to that, some of their last drill holes were only 900 m from Iron Stirrup. These are shown in the PLS report dated May 10 2021. Note that the ore bodies found are all open to the east towards the tenement border near Iron Stirrup (Figures 2, 3 and 4 in the PLS report) . The May 10 2016 KAI aero magnetics work indicated that the area around Iron Stirrup was of interest for lithium exploration. Previous exploration there in 2016-17 didn't find anything because they were looking on the surface for pegmatite outcrops, similar to Pilgangoora. (Terry Topping told me this around the end of 2017).

I've shown these overlays before in previous post, but it shows how close PLS is to our border now, and in particular, the area of interest at Iron Stirrup. So is there a possibility of spodumene bearing pegmatites under cover near Iron Stirrup? I'll let other investors be the judge.


This overlay shows the areas of interest found from the 2016 work done by KAI in 2016 (black and yellow dashed lines), the area around PLS's south pit which has been drilled (brown rectangle west of Iron Stirrup), and the location of Lucky Sump.




This is a blow up of the area at Iron Stirrup showing the distance between the PLS drill holes and the area of interest on KAI's tenements.

GLTAH