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78.0¢ avz minerals limited

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qball

5,054 Posts.

2464

19/08/18

00:23

Post #: 35017232
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Originally posted by Dr_Manhattan ↑

Great post Obe. Jadar is still up in the air even on feasibility. From Rio in May this year,

'Jadar is a greenfield project and production could commence by 2023/2024. When developed, Jadar will be a modern underground mine with efficient processing and shipping facilities. Jadarite will be mined using modern underground mining methods applied to optimise mining from high-grade irregular ore bodies. There is ample opportunity for future expansion as projected demand for lithium and borates increases'

Still in pre-feasibility after 154km of drilling with no 'proven' category resource! Veiny 15m average drilling intercept thickness found at depth ranging from 100m to 720m.

View attachment 1246241

Has to be an underground mine because of the crazy strip ratio. Anyhow, their best case scenario timeline of 2023/2024 make the deposit irrelevant to AVZ.

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Yep, a far cry from the deluxe triple choc ice cream scoop mining that will be done from the supersized homogenous Manono tub.

AVZ Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
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