A11 atlantic lithium limited

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The slide deck today adds another bit of info re Egyasimanku...

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WhatsTheTip

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27/10/22

19:11

Post #: 64439936
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Originally posted by WhatsTheTip: ↑

Looking over some older doc's I've seen references to a non-JORC resource of Egyasimanku Hill (1.48Mt @ 1.67%) that was established 60 years ago. This is a small volume but fantastic grade. Has anyone else found any useful details about this resource?

From what the little I've found there is a disconnect between references to a 1,150m strike length, 20-50m widths [35 average?] and only a 1.48Mt resource. It however makes more sense if only the 320 strike was drilled and then to perhaps then only to a 50m depth. While pedantic, a 2018 reference to the 1.48Mt notes pegmatite (not pegmatites). The calculation 320*35*50*2.7=1.51Mt which is pretty close to 1.48Mt. If this is the case then drilling the full strike length and drilling to perhaps a true depth of 100-150m could turn this into a >10Mt resource (1150*35*100*2.7=10.9Mt).

This is obviously not the immediate priority but is useful to know for when Atlantic is generating cashflow and can fund further exploration.

From a proactive 2017 article:

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The slide deck today adds another bit of info re Egyasimanku Hill. It's only been drilled to 30m so the 1.67% grade is near surface and what happens at depth is unknown.

A11 Price at posting: 60.5¢ Sentiment: Buy Disclosure: Held
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