NVA 6.52% 24.5¢ nova minerals limited

Their best intercepts were these:...

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  1. 3,387 Posts.
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    Their best intercepts were these:

    https://www.asx.com.au/asxpdf/20180423/pdf/43tdqkwnln0xmb.pdf

    Screen Shot 2019-01-15 at 2.06.36 pm.png

    Now if they target these grades at depth, they will maximise contained lithium. Best to chase the material at 1.5%+, provided the widths are suitable for underground mining. Horizontal widths of 10m to 15m are apparently perfectly suitable for underground mining.

    I've annotated some figures from the Maiden JORC. Step-out holes effectively hit the resource at greater depths.

    https://www.asx.com.au/asxpdf/20180725/pdf/43wrddfhz64jzx.pdf

    Recall that the exploration target in addition to the 6.38Mt @ 1.38% in the JORC is an additional 3Mt to 7Mt @ 1.3% to 1.5%.


    Screen Shot 2019-01-15 at 1.49.23 pm.png
 
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