Ann: Widespread high-grade lithium mineralisation at Kanuka, page-98

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Zammita

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07/12/18

14:03

Post #: 36785235
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Originally posted by 82Punter ↑

Originally posted by binwood
No I copped the same flack when I said the auger drill results were poor for Kanuka at 3-4c. Seb93 and a few others told me I was downramping and didn't know what I was talking about.

The thing you have to consider is that transport costs alone from DRC are nearly as much as some other HR projects entire opex. This means mining has to be bloody cheap. You start dropping grades to "average" rather than "outstanding" and any kind of strip ratio past 2:1 and things are going to get tough. It's just the geographical reality in my opinion
The company has always maintained that Kitolo was going to be their best prospect, however, due to their JV partner's proximity of their exisiting mine to Kanuka, they insisted that the drilling program start there.

My point is, there is 2 main areas, Kanuka and Kitolo, that they have drilled. So far the results are in for Kanuka and we're waiting on Kitolo. Once we get Kitolo results in, we'll know where the company has the best opportunity to build up a resource. If Kanuka was all we had, then I'd be thinking differently at this time.

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With Kitotolo there wasn't any commentary about the completed drilling program about pegmatites or spodumene being hit.
lm sure the co would have announced the findings during drilling.
Dont be surprised that this could be another duster.
AlMO.

4CE Price at posting: 1.8¢ Sentiment: Sell Disclosure: Not Held
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Ann: Widespread high-grade lithium mineralisation at Kanuka, page-98

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