MLS 4.00% 2.6¢ metals australia ltd

Will remind investors here that we have a neighbour against...

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  1. 3,387 Posts.
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    Will remind investors here that we have a neighbour against which results can be compared. Use their feasibility study as a checkpoint for MLS drill results as they come in.

    http://www.focusgraphite.com/wp-con...bility-Study-Technical-Report-August-2014.pdf

    Basically be ecstatic if grades and intercepts are anywhere near the grades that Focus Graphite achieved. Ultimately they achieved a Measured + Indicated resource at 14.77% TGC. Fabulous for graphite and particularly fabulous given it's a low risk mining jurisdiction. This grade helps to support very positive economics and should support high margins.

    Screen Shot 2019-03-24 at 7.24.58 pm.png

    Here's an extract of significant drill intercepts from their Feasibility Study. Basically be ecstatic if MLS consistently get intercepts broader than 10m and > 10% TGC.

    Screen Shot 2019-03-24 at 7.37.02 pm.png

    Remember also the MLS achieved great results from Channel Sampling at the end of last year and these are good for targeting drilling:

    https://www.asx.com.au/asxpdf/20181217/pdf/4418mzg2tnsp7w.pdf

    Screen Shot 2019-03-24 at 7.43.22 pm.png
 
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