LEL 0.00% 37.0¢ lithium energy limited

LEL - The Sleeping Giant, page-91

  1. 786 Posts.
    lightbulb Created with Sketch. 424
    not counting hole 1 as it is just a stump that will give them 0.2-0.3Mt LCE, it sounds like they'll just rely on holes 2-5 for the initial resource (if they can get hole 2 results back) for an initial indicated/inferred resource of around 2-3Mt LCE then holes 6-8 will be able to get more area and have it upgraded to measured due to increased confidence and overlap (Assuming similar results and lining up with geophysics) with potentially up to 4-5Mt LCE.

    Black line is a rough 2.5km area of influence for the drilled holes (as per AKE, LKE reports citing Houston et al 2011), blue lines are the 2.5km areas of influence of holes 6-8 which will take them up to the red line which is their interpreted deep sand boundary. They technically could also use a 5km area of influence for indicated but that might be stretching the credibility a bit.

    holes 9-10 will probably go up into Payo 1 and Payo 2 (off my map, to the top right) unless they want to redrill around hole 2 again, but i don't think 9-10 here are that critical -- it will already be a decent enough measured resource without them.

    https://hotcopper.com.au/data/attachments/5277/5277540-de3508a7bf3a8a4f2c535c111a339bc9.jpg

    Last edited by FFailings: 16/05/23
 
watchlist Created with Sketch. Add LEL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.