Ann: Kitotolo Lithium Project - Drilling Contract Executed, page-93

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avagadro

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11/04/18

11:46

Post #: 32373307
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Originally posted by Roostar ↑

Maybe don’t worry so much about our SP vs AVZs SP. Rather think more on comparing the two MCs based on known/possible size of the deposit in MT.

AVZ looking to complete maiden JORC on one of two sites, being initially Roche Dure. Maybe 300-400MT of Li. Currently their MC is based on a massive quantity of Li bearing pegmatite with proven quality of 1.5% Li.

So to calculate a possible target for 4CE, we need to at least complete these first drill campaigns at Kitoloto but mainly Kanuka which appears to have greater length and width.

Once drilling is complete then we will initially have a better understanding of depth and can formulate a conceptual deposit size while we wait for assays to confirm % of Lithium.

MC will move initially on drilling results then confirmation that it contains good levels of Lithium. Obviously we are all hoping for 1.5% as per our neighbours.

Presently Kitoloto appears to be not very wide however continues at shallow depth, somewhat laying on its side.

Kanuka appears to be up to 200m wide and quite long....this is the deposit that will kick us along IMO.

So thanks to a much smaller share register, 4CE has the potential to leap frog AVZ on share price even if the MC only ever reaches 25% of AVZs based on a smaller deposit. We also have existing infrastructure thanks to MMR to help speed up the process to becoming a miner.

IMO if Kanuka shows true widths of 200m and similar depths to AVZ, then we just might see a new cornerstone investor appear.

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From what I can tell 4CE has excellent infrastructure at Kanuka too compared to Manono. Always handy having an air strip even if we aren't mining gold

4CE Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
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Ann: Kitotolo Lithium Project - Drilling Contract Executed, page-93

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