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The reason for no mention of a JORC is that a JORC is not needed for an offtake agreement. These samples are part of the process to secure an offtake agreement.
As AB made clear in the interview I posted.
Helpful
The job of the lab is to accurately test what is given to them. Everybody accepts the results are accurate even the bashers.
What we are querying is whether the sample was representative.
Helpful
Thanks for confirming they don't have their own web site.
TDT
Https://www.facebook.com/p/Performance-Laboratories-Zimbabwe-100068958369991/
https://www.sadcas.org/performance-laboratories-zimbabwe-pvt-ltd
Not difficult, is it?
Tricky other board says rock chip not allowable under JORC hence no mention.
Excellent evidence Zumore.
The key question is then who provides oversight over the sample selection and representation ? RRR ? The new guy with 50 years of experience. I still can't get over 2kg 8kg in total. Decision making on the weight of a small baby ?
No mention of JORC, no mention of competent person and work done by a laboratory in Harare with no web site (or at least not one I can find). If you can't smell the stink coming from this RNS you need to get your olfactory checked.
TDT
Banbury and Passiton. Below is from one of Marula's RNS's. So with only a total of a small 8 kilograms sampled (4x2kg) then handpicking the best coloured rocks in the stockpile is certainly a possibility.
From a Marula mining RNS:
"Assay results of the lithium bearing spodumene ore from the stockpiles taken during the Quarter have confirmed that the lithium grade of the material is highly linked to the colour of the spodumene mineralisation, with key results being:
Ore Colour Characteristic Grade (Li2O)
Purple 7.86%
White 7.02%
Green 3.64%
Pink / Blue 2.15%"
Listen to the interview. Towards to end of the interview he makes clear what the process and intent is.
You just keep making stuff up pretty much non-stop. If you read stuff and listened to interviews maybe you wouldn't need to make stuff up.
Helpful the company has done very little over the years to generate shareholder trust. Perhaps this is a new begining but lots of legitimate questions need answering first. Paramount is was the sampling fully representative and why so small .
I see the resident trolls are trying to downplay the sample results. Pathetic.
https://youtu.be/HlJbgYaMXOk?si=iHpZRIaC6Pk2vwW7
Only a few things matter. Are the grades good enough to export? Are the grades good enough to get an offtake agreement? All the other ifs, buts, maybes and whatabouts don't really matter.
No doubt AB will be doing an update interview later.
DYOR
They are looking to get this into production very quickly so there would be absolutely no point in putting out high grades that aren't representative. It's not comparable to a gold project that would take many years to get into production
Zumore
is spot on with the hand picked, anyone remember the original mega rise on SOLG
for the Solomon Islands (not current South America assets)
Many samples of 100-400+ gpt of Gold, bought in at 3p , 3 sessions latter ended the
week 20p , the sample's RNA message landed over the rns news wire, on Monday
and kissed 85p by 08:30.......ended the day 40p and dropped like a stone in the
session's after..........
Two years later it was sold on for $1 plus some debt consideration........... all that
glitters , easy to pick up and send off for testing........ if you know what you are
looking for/at 😂🤣😂
Zumore rest assured the Chinese will redo this before signing anything. I was surprised by 2kg of sample only its amazingly small. Any serious invester would surely need to do a lot of due dilligence.
Zumore but 2 kg per assay is not a bad representation of sample, however depends how the stockpile has been sampled. Fingers crossed they are not from one section of the stockpile as there may be some bias. Great news though!!
These are bloody high lithium grades. Excellent
It's amazing how we all interpret RNS's differently but looking at today's RNS i was instantly underwhelmed. It looked very hit and miss with some grades decent but some grades low. Also very small 2 kilogram samples. Different colour rock indicate higher grade so with samples that small they could have handpicked the grades that visually looked the best.
I know many like to compare RRR/ALR with Marula's lithium Blesberg project. This RNS said they recently had 30 Tonnes of Stockpile sampled: https://www.aquis.eu/stock-exchange/announcements/4211568
Then again maybe most will not agree with me and todays Red Rock share price will fly. We'll soon see!
These results are excellent if they have come from the stockpile which presumably was extracted near surface, going deeper the grades could be higher still.
Finally some very positive news from Red Rock.
At face value the results are good. Struggling with how you get a random and representative sample from a stockpile and why the tests were not done far earlier pre mining. I'm sure the Chinese and others will do there due diligence. Good luck with the SP today but keep your wits about you on this share.
4% is extremely high grade Li2O. Average for hard rock deposits is around 1%
Very
How good are these results?
Yep
I would have at a guess and say these samples were from the stock pile, otherwise would have stated otherwise !
Would those samples be from tin hill?