Originally posted by Henry Walton
Just looking through the LTR projects once more and turning my eye to the Buldania Lithium Project this already looks like an amazing discovery.
Did a quick and dirty size comparison to some of the other projects around.
View attachment 1428505
Development criteria for lithium projects run in the 15 year+ category, so 2Mtpa looking at a resource in the 30Mt range, just eye balling it as obviously we don't have cut off or width information, but it looks like that's there already.
Whats really interesting though is how open the deposit is along strike, if you look at what kind of deposit iKDR/PLS/AJM are in terms of plunge these vein pegmatites continue deeper alot deeper.
Generally you aren't going to have an open pit much deeper than 300m, so that's a natural cut off depth LTR so far along plunge has hit 1.3km of pegmatite, but only reached a depth of 144m on the furthest intercept.
View attachment 1428479
There is no reason to assume it magically stopped at 144m right where we drilled the last hole, there is possibly another 1.5km of pegmatite undercover until that 300m depth is reached, that would be a huge extension.
Now that is open along strike, the deposit is also very open down dip.
View attachment 1428493
So if you look at the cross sections you can see:
The blue arrows represent currently defined surface and near surface dip, the amount pegmatites extend in width under cover.
The green arrows represent where the pegmatites, likely extend in width past the last intercepts.
The top map in red I have drawn the zone of potential dip extension so far, of course as the plunge is extended there it will also dip as well.
Now this maybe difficult to wrap your head around the two different potential extension zones plunge and dip, so I have used the KDR drill out as example of where we are at right now and where we can go.
View attachment 1428501
The blue zone represents what we have currently drilled out a 1.3km long zone that is 200m wide.
The purple zones represents the possible extension along plunge and down dip
The orange zone represent the possible dip extension if they purple plunge extension exists.
As for overall size potential, it's hard to estimate because, I do not have complete information, but would expect in the ball park of.
1 x blue 30Mt zone
1 x purple 30Mt zone
1 x purple 45Mt zone
1 x orange 45Mt zone
Pretty nice target to have, if only get half way there it will be one of the top lithium deposits in Australia, similar deposit just sold half for $1.6billion, time to get drilling.
lm glad you can see the potential here, as us long term holders see.
Theres also a potenetial 3rd discovery here 8km north of ANNA, which drilling will comfirm some time early this year.
Drilling is also planned for KV - 15000m to extend resource size & ANNA - 8000m resource drilling to get a resource estimate.
l hope the market will open its eyes & see the great potential and value here of this little lion .
The current price IMO is a steal @ MC 27million.
(20min delay)
