GLN 7.41% 12.5¢ galan lithium limited

General Discussion Banter GLN, page-2145

  1. 448 Posts.
    lightbulb Created with Sketch. 303
    Inference from collating the info from DH1 and the stages of depths they were reaching, I calculated roughly 50m per 7 days from DH1 previous announcement timelines after reaching 300m relatively quickly.

    22-25/1 - DH1 commenced
    6/2 - 300m
    13/2 - 354m
    20/2 - 401m

    If it was 465m (as at 11/3) & basement is estimated at 750m. To achieve a similar intercept as DH1 it would mean hitting Li brine in the next 93m.

    7-8m per day at depths of more than 300m based on info above. That gives a timeline of 11-13 days until reaching a depth of 558m.

    So that would indicate if nothing is announced by 24/3, then DH2's intercept (if any) will be less than DH1.

    Bear in mind they announced last time when they were 65m into the Li brine, so that could add extra time.

    That rate of drilling does seem slow, but it would be difficult at the altitude.

    Not sure if this is feasible but maybe a question for @Gary76
    What sort of drilling rate could be expected at this depth in this type of geology, if no teething problems?

    Basically.....
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
12.5¢
Change
-0.010(7.41%)
Mkt cap ! $60.50M
Open High Low Value Volume
13.5¢ 13.5¢ 12.0¢ $1.568M 12.50M

Buyers (Bids)

No. Vol. Price($)
8 457722 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.5¢ 333333 1
View Market Depth
Last trade - 16.10pm 27/11/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.