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Well must say I was pleasantly surprised to see the resource up...

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  1. 473 Posts.
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    Well must say I was pleasantly surprised to see the resource up graded to 4.8 metric tonnes .
    The other piece that caught my eye was this taken from page 29 of the report.

    The Seymour Lake Lithium Project contains Exploration Targets (2012 JORC Code) totalling4.5Mt - 7.2Mt @ 0.8%Li2O - 2.4%Li2O.

    I have always said that around 10 mt was the target to make the project viable. It seems that we could easily reach this milestone just with what is known about the project to-date. Then add in the other pegmatites/targets on our ground and we get well in excess of the 10 metric tonnes required. I was always impressed with the very high quality/grade of our spodumene and the only thing we were lacking was quantum . It appears that we now have sufficient 'quantum' to get the job done. Yantai will no doubt be keen to see this project get off/out of the ground , battery grade is what they are after and they know that we have what they require.

    All imo and DYOR

       



     
 
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