The Skyline result was within expectations of between 142 ppm and 200 ppm ,not outstanding like we would have liked ,but on par with market expectations.
Long Canyon 2 has always been the well many here have expected would show higher Li grades ,my expectations for this well is at least 220 ppm Li.
Due to limited historical sampled wells ,we can not know for sure if the highest grades of 500 ppm and 1700 ppm LC1 WC2 is the epicentre of the best grades.
It is quite possible that the grades are higher moving further south east of LC1 WC2 and the current well being drilled LC2 is a similar distance as LC1 WC2 from the Roberts Rapture but on the south east side of the Roberts Rapture ,all three of these wells are a similar distance from the Cane creek anticline.
I think that it is quite possible that the epicentre of the highest Li grades ,is the Roberts Rapture at about the same distance from the Cane creek anticline located in the area of the mapped cross cutting area ,if this happens to be the case ,then the Li grades could be anywhere between 500 ppm and 2000 ppm at Long Canyon 2.
I even think that the Li grades of 140 ppm or more will continue for about another 2000 to 3000 meters further south east of Long Canyon 2 ,that's a huge area of JORC potential stretching from CC32-1 to around 2 to 3 thousand meters south east of LC2.
I have to say it ,but it appears everything adds up here to a spectacular Li result ,and IM also expecting the flow rate to be 20% to 50% more than 123 barrels a hour.
ASN Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
