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0.00% 12.5¢ galan lithium limited

Ann: Drilling Update, page-44

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  1. troffy88
    448 Posts.
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    20/03/19
    13:13
    Post #: 37823875
    We know that DH1 has 862 mg/L and if we infer that DH2 has 200 mg/L.
    If brine is tenement wide at Candelas:

    Low Target:
    Length: 15km
    Width: 4km
    Thickness: 192m
    Volume = 11.5B m3
    Li: 200 mg/l
    DP: 0.075%
    Li Conversion: 5.323

    11.5B m3 x 0.000200 x 0.075 x 5.323
    919,814 tonnes LCE


    Average:
    Length: 15km
    Width: 4km
    Thickness: 192m
    Volume = 11.5B m3
    Li: 531 mg/l
    DP: 0.075%
    Li Conversion: 5.323

    11.5B m3 x 0.000531 x 0.075 x 5.323
    2,442,107 tonnes LCE
    GLN Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 21  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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