Thanks John, good to see some actual maths going into this...

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13/10/16

11:13

Post #: 19825790
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Originally posted by john_utah ↑

Southern portion of the main zone:
250x30x250 x 2.8 = 5,250,000 @ ~1.3-1.5%

Central portion of the main zone:
250x40x250 x 2.8 = 7,000,000 @ ~1.7-1.9%

Northern portion of the main zone:
150x30x200 x 2.8 = 2,520,000 @ ~1.7-1.9%

Total for main zone:
14,770,000 @ ~1.6-1.8%

Southern portion of the west zone:
100x25x150 x 2.8 = 1,050,000 @ ~1.8-2.0%

Central/Norhtern portion of the west zone:
220x50x180 x 2.8 = 5,544,000 @ ~1.8-2.0%

Total for west zone:
6,594,000 @ ~1.8-2.0%

Total resource size:
21,364,000 @ ~1.6-1.9%

Total contained Li2O = 350,000 - 400,000 (T)

This is my low-base resource size - I've barely assumed any mineralisation beyond the drill holes already reported (I don't pretend to understand geology so I won't make assumptions regarding it).

I believe depth, thickness and quality will all be upgraded significantly and result in a larger JORC than I have inferred here. Especially when it comes to the west zone.

IMO the numbers above would represent at least a measured resource size once drilled out, adding indicated and inferred would almost double it.

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Thanks John, good to see some actual maths going into this discussion. But can you confirm that the third figure in your equations is depth? And if so, is 250m depth right for the main zone? I have looked at the announcements and cross sections and can't see anything going down this deep.

BGS Price at posting: 38.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Thanks John, good to see some actual maths going into this...

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