Ann: Kanuka Lithium Project - Update, page-178

Interesting reaction to the auger results. They were literally just scratching the surface - OK, to 4 metres then.

I think it's telling that 1620 Capital used the sell off to increase their holdings. Why now, with RC results pending and on such ordinary looking auger results?

Ponder the map from 4CE's exploration update on 4th July 2018. I will post it separately as I get an error message if I include it in this post.

The green triangles are the pending auger samples that were included in yesterday's update. It really does look like they were taking a free hit to see if there was an extension of the peg from the Kalombo Mushwima prospect towards the Kania Main Pit Extension and also to the east of the Kania Main Pit Extension.

Sort of like throwing darts at a board with one eye open.

The phase 1 drill fences are marked clearly in blue. You can see that the four NW/SE fences in the Kania Main Pit are well away from the auger holes, so it will be interesting to see what the 60M deep RC holes come back with in comparison to the auger results.

Anyone who says that the RC results will be similar to the auger results are just plain wrong in my opinion. They are drilling in different locations. They may well end up the same. Or they may end up way better.

It will also be interesting how the E/W fence to the southern end of the Kalombo Mushwima prospect compares to the auger results from closer by.

I might be jumping at shadows here, but why did 1620 Capital jump in now? If Kanuka is such a dud based on these auger results, why not wait until after the RC results are released and before 4CE start drilling at Kitotolo, which looks a lot more promising? Guaranteed, the SP will be a lot lower than current levels if the first lot of RC results look similar to the auger results.

So, are 1620 Capital more confident that these RC fences at Kanuka will provide much better results than the auger samples?? I’m hoping they are and suspect 1620 might think so too.