Originally posted by Gulaschmann
Dear all, I spent some time with analysing the situation. What I think is that Kanuka will be minable with a good chance. It is veiny, true. But this is on the surface, which means on one hand that we cannot compare it to results where more hundered meters were drilled.
On the oher hand, hey guys: we have this all very shallow. There is no need to dig 60m before we can access the Lithium.
I have also contacted to JB. Here is what he thinks:
I say let´s see the chemistry of Kanuka, and some update of Kitotolo. We are on the right track.
His comments on twitter don't align to the announcement released to the ASX.
If the aim of Phase 1 was to "set up" for diamond drilling, and it being a "huge success", why aren't they actually doing any DD?
"Further phases of RC drilling are currently being planned, targeting depth extensions of the intercepts andfurther step outs along strike of the current Phase 1 drilling"
Lots more RC to come before any DD. Means more $$ being burned.