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04/04/16

09:38

Post #: 17413456
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Originally posted by Shakinthat ↑

I've just been reading over the latest announcement and am hoping I can seek some assistance with better understanding the below commentary from the announcement.

My question is really around the mineralogy of Lithium, the difference between pegmatites , spondumene and Lithium. It seems the ground had pegmatites so that's a positive , but it also seems the assays have said it had Lithium 1.6% but then it states lithium mica minerals and spondumene have not been observed so I'm a little confused, from reading the AJM and PLS announcements spondumene seems to be the key. Anyone like to help with explaining what this all means and what we need to find in order to prove if we have lithium please in fairly simply terms

Thanks in advance and good luck

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Previous mapping in the area by Atlas Iron has identified extensive pegmatite swarms on the project tenements extending over a strike length of approximately 4km. Recent rock chip sampling by MPJ during a reconnaissance fiat the southern margin of the project has confirmed the lithium-bearing nature of the pegmatites with preliminary assays of up to 1.6% Li2O (Table 1).

(Note: while lithium mica minerals, e.g. lepidolite/spodumene, have not been observed in hand specimens taken from these samples, detailed mineralogy has not yet been undertaken).
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it means we have prospectivity
No expectation and gives us an out if not.

MPJ Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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it means we have prospectivity No expectation and gives us an...

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