I thought I’d refresh everybody’s minds in regards to the expectations of kachi from a previous post by chadza but also discuss the subsequent discovery NRG Metals.
Nrg are on the other side of the volcano - a critical aspect to the source of the lithium.
It experienced similar zones to that of lke however it drilled its first hole to a depth of 307 metres. The grades of close to 200 were around 160-200m and 200 -300 grades beyond that. Mg content was low.
Hence while I hope for success in hole 1 and early part of hole 2 I anticipate the news that we are looking for is in the 200 plus m drills. Hence I do not expect economical grades in the samples pre Christmas but the real news is in the sub 200m depth which the company was testing following resumption in mid jan after Christmas recess of 12 days. However unlike lke, nrg didn’t create hype by stating periods of when the results were due. It enabled them to drill as required until they hit the targeted zones deeper before having a reasonable idea of the zones in play. I would expect some updates soon as the deeper samples should be available on early to mid feb.
Hence the reason I’ll accumulate at the prices on off at the technical support levels around 18 and definitely buy more mid teens. Hoping the quarterly will give an update. 200-300 grd with low mg and high permeability will be a start and open at depth.
