Mack
u got the project names back to front.
RocheDure, Tempete fall in the SW sector referred to as 'Kitotolo'.
Celeste is across the Lake, in the NE sector & is referred to as Manono.
As far as the Easter analogy goes, that may refer to a raft of 'other' scenarios. But for me, its about winding up first phase of drilling around the existing pit at Roche Dure at a defined spacing between boreholes.
In parallel, they must fast-track the assay results from the Lab & then deliver a maiden Jorc (split between Indicated & Inferred).
As is the protocol, they'll have to drill more infill holes to get to Measured Resource and then into the Proved & Probable Reserves category and then repeat the same for Celeste pegmatite which appears to b larger then RD.
The missing element so far is the true thickness of the Pegmatite & how much of it is below the weathered zone across the entire Permit. That's where they should get better assays for Li%.
Intersection & assays from DD#1 & 2 were big, so most likely for RD's Jorc Resource they should confirm a Resource along the Strike length for apprx 1.5 to 2km. Width, true thickness and grades are what's required for them to work out the final tonnage.
For now, Roche Dure has a 300-400 Exploration target (not Resource). So if they can lock in a Ind/Inf'd Resource by April, that will b a decent start to the Drilling campaign and their share price should follow suit. Would like to see them release an update on mobilising Equity Drilling's rigs to RD soon. That will b a start.
- Forums
- ASX - By Stock
- AVZ
- Running Commentary on the SP Movements.
Running Commentary on the SP Movements., page-6498
-
- There are more pages in this discussion • 12,056 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online