CUL 16.7% 0.5¢ cullen resources limited

Ann: Exploration Update-Applications Targeting Li,Cu&Co Finland-CUL.AX, page-23

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  1. 2,765 Posts.
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    Been going over a few things and crossed the Nordic Mining 2008 acquisition of Keliber Oy.

    Back then Keliber had a Li resource of US$575M ( approx. current price) in the Kaustinen region alone and that didn't include (according to Nordic) "economical grades of tantalum-pentoxide, and in addition quartz-feldspar".
    As we can see from the (2013) illustrations in the ann., they've made more discoveries in the region since.

    Cullen has acquired a massive piece of real estate in the area that by contrast almost dwarfs that of Keliber.

    This taken from Keliber is encouraging as the Doctor could almost throw a stick into this lake from our fence line -

    Emmes
    Keliber holds a valid claim on a large deposit of 24 hectares.
    Located under Lake Emmes and the surrounding village of Emmes in the municipality of Kronoby. The district was first explored by Suomen Mineraali Oy and Partek Oy in 1960–1982, and more than 80 holes (total length 8 000 metres) have been drilled into it.
    The most accurately explored spodumene pegmatite dyke lies under Lake Emmes itself. The distance from the lake surface to the roof level of the deposit varies in the range 5–8 m (average water depth about 1.5 metres).
    The spodumene pegmatite dykes run in a NW–SE direction and have a dip angle of about 60–80° to the SW. The measured length of each dike is about 350 m. Spodumene pegmatite has been found down to about 155 metres, and the estimated amount of spodumene ore beneath the lake is 1.1–1.2 Mt, containing about 1.3 % Li2O (historical resources). The spodumene pegmatite is zonal in structure and consists mainly of microcline, plagioclase, quartz, spodumene and muscovite.




    Too big to fail.
 
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