George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Excellent podcast by TMS. From first listen:
- Remaining C.Belle assays to be received by end of Feb (as RNSed) so will hear on those next week
- Loflin South intercepts sent to AAL should be received in early March so potentially have them back the following week after C.Belle assays in
- Multiple 25m+ intersections made on Loflin, Bernard seemed particularly impressed with Loflin South deposit with a significantly enhanced JORC to follow. This includes extensions to the current deposit so I'm guessing Loflin deposits alone will inc. to 100kOz Au.
- JK mobilising for 700m. Did not sound like they were going to drill more but if south west anomaly comes in (assume they're testing it on top of infill campaign) then we could see a few RC holes going in
- JK has 10,000m+ historic holes whilst Loflin only had 7,000m (inc. 600m DD campaign last year) so a better understanding of the system. JK mineralized as multiple sheets so unsure how that will affect JORC compared to Loflin which is more of a common orebody but I expect something similar to Loflin at the very least given historical intercepts (104m @ 1.27g/t from memory)
- Confirmed current campaign fully funded
A very professional and diligent team given what they've said and released.
Yes but I believe we should have an indirect uplift considering drilling we're doing and assays we've dropped/to come. One of my other companies MILA released a drilling update which was good so they've moved up but I think a lot of that uplift is related to gold going berserk and dragging everything related to it up. There's always indirect benefactors to commodities driving up.
Gold looks to be close to breaking out, needs to finish above trendline on the monthly to confirm. Should help rebalance lots of producers and should have a knock on effect to explorers. Perfect timing with so much operational news close to hitting the RNS feed at LEX.
There was a 3 week interval between the first and second Loflin drill results from last spring, I'm hoping a similar scenario will mean we're due the next lot of C Belle results at the end of Feb or early March. Imagine first 7 Loflin holes drop shortly after and then the 2nd Loflin batch with some luck by the end of March. Wishful thinking we'll get JK assays by end of April? Maybe as they haven't started drilling there yet but what I do know is that we will get multiple batches of assays and drilling updates over the next 4-12weeks
Good initial 11 out of 32 hoes. Looks like we're resting on the 200 DMA. Should hopefully receive the rest by the end of February and possibly the 7 Loflin holes from AAL by then too. Imagine we're due a drilling update shortly - assume rig has been fitted with replacement part and drilling is well underway on Loflin again. Confident we'll be in the 4s by the end of Feb.
Can't agree more. If L/T holders actually thought this was a terrible bit of news you'd see much more selling than 40k shares. Wait until good news hits and we have 250k-500k+ buying in a short space of time.
I see someone saw this as an opportunity and took 100k at 3.2p. Seems to me like a smart guy (or gal)
Not surprised considering initial release dates between Xmas and mid-jan. Glad they've identified another lab with no delays but probably less cost-efficient. Good news are the delayed assays should only be until early Feb and drilling should recommence shortly.
New discovery, called Loflin South, is getting 2 more holes in and around the sulphide hit so they should be promising.