@Fingers xed
Judging by the detail contained within your response, I am not convinced you comprehend the difference between "Mineral Resource vs Ore Reserves". I could have saved myself 10 minutes pointing out the glaring difference to you (and others reading).
Read EMH Note 1 below "Mineral Resources are not reserves until they have demonstrated economic viability based on a DFS or PFS".
To put it simply:
- EMH have 695.9Mt of Li in the ground.
- Only 34.5Mt of that material (5.1%) is planned to be mined, the remaining 661.4Mt (94.9%) will not be mined. The reason is that based on mine design, location, overburden, geological structure, grade etc, the 661Mt provides no economic benefit.
If you have spare time at any stage, i am happy to run through the JORC code with you and go over the differences between Mineral Resource and Ore Reserves. Additionally, i can run you through what it required in terms of further drilling / designing / modelling to upgrade material from resource to reserve status.
Ongoing SP Discussion, page-5
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