WR1 0.40% $1.26 winsome resources limited

what you need to keep in mind is that the diagram of the orebody...

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    what you need to keep in mind is that the diagram of the orebody comes from just 27km drilling. (In terms of km drilled to tonnes of Li20 discovered, it's on par with PMET's maiden MRE.) There's plenty more growth.

    There is a MRE upgrade due shortly, which I think will put the resource around 75mt @ 1.25%. Most observers (and comments by CE) predict 100mt resource by EOY.

    WR1 have a different drill strategy than PMET in part because Adina is far closer to production. The focus of recent drilling seems to be putting >30mt into M&I to use for studies to model the reserve for first -15yrs LOM.

    I expect most of that will be in the shallow, high-grade main zone which will comprise phase 1. You can easily draw a pit onto the diagram of the initial 60mt resource and get a sense of what that looks like, before drawing another pit to capture the best parts of the footwall zone in phase 2. The pit walls wouldn't need to be steep, and WR1 won't need to use AZM land.

    I agree the deeper lower-grade parts of main and footwall won't need to be mined.
 
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