Management should be commended for good updates recently including AFR and video interview. In case anyone missed it MD news comments from 1 May after latest assay results. They look delighted with the asset and working on the transport.
“It just continues to be an absolute monster,”
“The grade is a little bit higher, but I think what we were expecting from the visual estimations of the spodumene we had in the system when we were logging the core, we realised that there was much more spodumene, which is the lithium bearing mineral.”
“It looks like it’s going to be a very, very good deposit at the end of the day,” Mr Ferguson said. “The main thing we’ve got to look at now is getting the infrastructure sorted out so that we can ship the product out.”
“It’s a pretty significant thing if you think about the tonnages that we’re starting to talk about,”
“For example, if we’ve got 300 million tonnes at Roche Dure alone, 300 million tonnes at 0.1 per cent tin – the numbers start to crank up.
“We will recover that from the processing system, so we will be able to get a credit for it and essentially that should offset most of the transport costs for us.”
“We’ve got four working flat out,” Mr Ferguson said.
“They’re working 24/7, we’re getting good production metres and we’ve got the opportunity of another two drill rigs sitting there if we need them.
“We’re just holding fire at the moment. Four rigs is enough for us.”
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Great to see that first mile(1.6kms) of high grade Lithium. Very few holes needed to get there. Record intercept lengths have increased by 30% in 2018 compared to 2017. Important to remember the significant value of the asset here. Potentially the World’s Biggest at high grade.
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