Australian Research: Independent Investment Research: IIR
You may read this report, however I read once again that I found several key words about LTR KV Li & Ta, heck also Table1:
IIR’S COMMENTS Our view is that the release of the updated MRE (and the results of metallurgical test work to date) for Kathleen Valley highlights the world class quality of the Project, and provides very positive comparisons with the Mineral Resources of current operations and other advanced projects.
Although some limited surface work has historically been carried out for pegmatite hosted Li/Ta/Sn mineralisation on the tenements, Liontown was the first to target the pegmatites in drilling, with an initial programme in 2017, and follow up programmes in 2018 and 2019, with the results of work confirming the success of the Company’s lithium strategy.
The MRE (Table 1)is based on ~45,000 m of reverse circulation (“RC”) and ~4,500 m of diamond drilling, and has defined a series of flat-lying to gently dipping parallel zones coalescing down dip to the south-west - mineralisation is open along strike and down dip (Figures 1 and 2), with the potential to increase the Resources with additional drilling.
For further details of the geology please refer to the Company’s release of July 9, 2019. The Company has used two cut-off grades - 0.5% Li2O for potential open cut resources to 200 mRL (~300 m to 350 m depth), and 0.7% Li2O for potential underground Resources (below 200 mRL), with potentially open pittable Resources making up 93% of the total (Table 1).
Liontown Resources Limited (ASX: July 9, 2019Flash Note - Kathleen Valley Delivers World-Class Li-Ta Mineral Resource
https://www.ltresources.com.au/sites/default/files/broker_research_file/ltr-flash-note-190709-final.pdf
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