GLN 0.00% 14.0¢ galan lithium limited

The only definite conclusions I can draw are that our CSAMT...

  1. 691 Posts.
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    The only definite conclusions I can draw are that our CSAMT survey doesnt correlate to our drill results. Not surprising in hindsight given then lack of drilling data available to build a model - Quantec would have assumed similar stratigraphy to SDV when they interpreted the results - and we’ve proved that candelas is geologically very unique. I imagine that drill data will be fed back to Quantec to help improve their model.

    At this point I think our gravity survey is a more useful indicator of the geology/basement, and seems to be where Galan are deriving their basement depth estimates from.

    Based on that, (by my calcs) there’s currently still a potential for a 2MT resource if we hit brines soon.

    The next week will be interesting.

    Full disclosure, I’ve reduced my position this week, mostly due to some unforeseen personal circumstances.

    Like everyone I’m hanging in there for some news on a brine horizon being hit.

    GLTA.
 
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