RE: SP4 Nov 2022 12:45
Hi LL
This from the MRE upgrade to 30.1mt of 24th March:
"The current MRE is based on a 0.5% reporting cut-off grade (constrained to above the -190mRL), within a 0.4% Li(2) O wireframed pegmatite body. However, when assessing all pegmatite volumes (with no cut-offs applied), there is significant scope to increase the resource tonnage. Table 3 below shows the overall resource tonnage and grade for the deposit, inclusive of all pegmatite material. For example, the resource can be reported at a significantly larger tonnage by reducing the cut-off grade to 0.2% Li(2) O, giving an increased resource of 39.3Mt at 1.02% Li(2) O. Conversely, the resource can be reported at a higher grade using a 0.8% Li(2) O cut-off for a resource of 27.8Mt at 1.31% Li(2) O."
Much more being delineated now though I suspect they won't change the cut-off in the further studies.