Great find Balancedchoice
https://www.businessnews.com.au/article/Neometals-strikes-more-Lithium-on-the-eve-of-production
The newest discovery was unexpected and sits outside of the existing resource and may impact the overall project profitability or mine. Results include a 186m intersection grading 1.82% Li2O from 95m deep, 139m grading 1.69% Li2O from 116m and 92m@ 1.54% from just 54m down. Further results are still pending. Neometals and their Chinese project partner Jianxi Ganfeng Lithium will now chase down the new discovery which appears to trend towards the processing plant with a follow up series of deep RC holes. A new extension drilling exploration program to commence immediately.
With the Lithium market rapidly gaining favor with market punters, all eyes will be on NEOMETALS when they release their much anticipated Mineral Resource and Mining Reserve estimate around the end of June.
The latest discovery zone will no doubt add some market speculation around just how big the Mt Marion project could be.
Any guesses on their next reserve estimate? Sounds like it is going to be huge at a very high grade also. Getting excited
