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INFINITY MINING LIMITED — Capital/Financing Update 2023
Nov 21, 2023
65121_rns_2023-11-21_0830f244-e595-4a86-9dd5-5c88b0bbf1d8.pdf
Capital/Financing Update
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ASX Announcement | 22 November 2023
Infinity Mining Limited ABN 73 609 482 180 ASX Code: IMI
Directors Joe Phillips Executive Chairman
Joe Groot Chief Executive Officer
Cameron McCall Non-Executive Director
Harley Groot Non-Executive Director
Dr Michael Kale Non-Executive Director
HIGH GRADE LITHIUM INTERSECTED AT TAMBOURAH SOUTH PROJECT
Highlights:
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Outstanding new high-grade lithium results received from the RC Drilling Program has confirmed lithium (spodumene) and tantalum mineralisation is hosted within highly fractionated pegmatites over the Tambourah South Project.
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Shallow lithium mineralisation has been intersected in all RC drillholes within the McNeill and Grumpy Prospect areas. The RC drilling has confirmed extensive Lithium-Caesium-Tantalum (LCT) style pegmatites that are up to 25m in thickness below the surface.
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Significant drill assays include:
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Drillhole TM23RC022:
- 1m @ 1.45% Li2O, 1,285 ppm Rb, 136 ppm Cs & 65 ppm Ta from 66m.
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7m @ 79 ppm Ta from 61m.
Mima Wirakara Company Secretary
Contact Details
Kings Row Office Park Building 01, Suite 1G 40-52 McDougall St Milton QLD 4064
Tel: +61 7 3221 1796
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Drillhole TM23RC023:
- 8m @ 118 ppm Ta from 70m.
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Drillhole TM23RC025: 5m @ 84 ppm Ta from 0m
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1m @ 0.88% Li2O & 1,210 ppm Rb from 15m.
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3m @ 81 ppm Ta from 21m.
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1m @ 0.91% Li2O & 1,050 ppm Rb from 22m.
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Drillhole TM23RC026: 3m @ 0.99% Li2O & 1,250 ppm Rb, 100 ppm Cs & 110 ppm Ta from 19m including 1m @ 1.41% Li2O & 1,045 ppm Rb & 81 ppm Ta from 20m. 22m @ 91 ppm Ta from 17m.
- 2m @ 1.38% Li2O & 1,258 ppm Rb, 125 ppm Cs & 105 ppm Ta from 30m including 1m @ 2.10% Li2O, 1,060 ppm Rb, 119 ppm Cs & 80 ppm Ta from 31m.
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Multiple stacked pegmatites have a combined strike length over 1.5km – these areas remain untested by drilling.
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Multiple new pegmatites swamp areas identified for further ground reconnaissance and exploration.
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Infinity Mining Limited (ASX: IMI) (the Company or Infinity ) is pleased to announce the RC drilling results from the recent completed 8 RC drill holes totalling 834m at Tambourah South Project (E45/4848) situated within the Pilbara Region of Western Australia.[1]
The Tambourah Project is located approximately 70km south-east of Pilgangora and Wodgina Lithium projects, and 95km southwest of Global Lithium’s Marble Bar Lithium project.
Joe Groot, CEO of Infinity Mining commented:
“The Tambourah Project continues to deliver exceptional high-grade lithium results with every exploration phase as Infinity continues to expand the lithium footprint over the project area. Based on the recent rock chip results outlining high-grade spodumene rich pegmatites in the north-western zone of tenement, we have now drilled tested the central eastern pegmatites over the McNeill Prospect area with great success in delineating shallow lithium-tantalum mineralisation hosted in LCT pegmatites”.
“Infinity continues to advance all 3 Lithium prospects at Tambourah showing it is a very fertile Lithium system that is highly under-explored. The ongoing 3D geological interpretation incorporating the results from the recent Ambient Noise Tomography (ANT) survey, plus results from these recent drillholes will enable the Company to identify other prospective concealed pegmatite targets, to be followed up in future exploration”.
RC Drilling Program
A total of 8 RC drillholes was completed at Tambourah South in August 2023. All RC holes intersected pegmatites with high rubidium, caesium and tantalum results indicating fertile LCT pegmatites. Lithium results within the pegmatites were highly variable with individual grades as high as 2.1% Li2O, 1,060 ppm Rb, 119 ppm Cs and 80 ppm Ta . Spodumene was the dominant lithium bearing mineral confirmed by Potable Spectral Solution using the Bruker Ramen Spectrometer on various pegmatite drill chips. The thickest high-grade intersection of tantalum returned 8m over 118 ppm within RC Drillhole TM23RC2023.
All completed RC drillholes locations are illustrated in Figure 1, cross sections are shown in Figures 2 and 4, along with the significant RC intersections shown in Table 1. Multiple shallow dipping pegmatite stringers, ranging from 1m to 25m wide, were encountered and are considered to be part of a larger system at depth. Table 1 shows the average grade intersections for each pegmatite interval intersected.
1 ASX Announcement 17 October 2023 Further Drilling and Surface Rock Chip Sampling Extends the Lithium System on Tambourah South Tenement.
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The combined strike length of the currently defined pegmatites is over 1.5km and has now delineated unexplored areas to further pegmatite identification. Infinity has co-funding for 2 diamond holes through the Exploration Incentive Scheme. These holes will be planned to intersect the pegmatites at depth clearing a path forward for future resource drilling.
Table 1: Significant RC Drilling Intersections
| (Intercepts using>0.5% Li2O cut-off) | (Intercepts using>0.5% Li2O cut-off) | (Intercepts using>0.5% Li2O cut-off) | (Intercepts using>0.5% Li2O cut-off) | |||||
|---|---|---|---|---|---|---|---|---|
| Hole ID | From | To | Interval (m) |
Li2O% | Li (ppm) |
Rb (ppm) |
Cs (ppm) |
Ta (ppm) |
| TM23RC022 | 61 | 68 | 7 | 0.28 | 1,310 | 669 | 51 | 79 |
| 66 | 67 | 1 | 1.45 | 6,740 | 1,285 | 136 | 65 | |
| TM23RC023 | 70 | 78 | 8 | 0.24 | 1,116 | 879 | 76 | 118 |
| 74 | 75 | 1 | 0.51 | 2,390 | 1,630 | 126 | 135 | |
| 76 | 77 | 1 | 0.48 | 2,210 | 830 | 45 | 122 | |
| TM23RC025 | 0 | 5 | 5 | 0.13 | 592 | 979 | 58 | 84 |
| 15 | 16 | 1 | 0.88 | 4,080 | 1,210 | 57 | 49 | |
| 20 | 21 | 1 | 0.46 | 2,160 | 1,540 | 79 | 81 | |
| 21 | 22 | 1 | 0.38 | 1,750 | 1,810 | 92 | 106 | |
| 22 | 23 | 1 | 0.91 | 4,220 | 1,050 | 74 | 37 | |
| TM23RC026 | 14 | 15 | 1 | 0.46 | 2,120 | 1,655 | 128 | 45 |
| 17 | 28 | 13 | 0.42 | 1,950 | 1,050 | 70 | 92 | |
| including | 19 | 22 | 3 | 0.99 | 4,607 | 1,250 | 100 | 110 |
| including | 20 | 21 | 1 | 1.41 | 6,550 | 1,045 | 87 | 81 |
| 26 | 27 | 1 | 0.49 | 2,260 | 2,040 | 86 | 106 | |
| 30 | 32 | 2 | 1.38 | 6,415 | 1,258 | 125 | 105 | |
| including | 31 | 32 | 1 | 2.1 | 9,770 | 1,060 | 119 | 80 |
| 35 | 36 | 1 | 0.73 | 3,390 | 885 | 51 | 93 | |
| TM23RC027 | 15 | 17 | 2 | 0.55 | 2,570 | 815 | 31 | 56 |
| TM23RC028 | 34 | 35 | 1 | 0.48 | 2,210 | 1,615 | 68 | 60 |
www.infinitymining.com.au [email protected]
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Figure 1 – Tambourah Project highlighting RC Drilling Results along the various prospects and mapped pegmatites
www.infinitymining.com.au
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Drillhole TM22RC026
TM22RC026 RC drillhole was designed to drill test the continuous extensive outcropping pegmatite from surface down dip. Twenty-five (25) metres of lithium-tantalum mineralisation was encountered from 19m to 37m with the drillhole terminating within the LCT pegmatite. The pegmatite has an easterly down plunge of the high-grade discovery of 3m @ 0.99 Li2O from 19m, which included 1m @ 1.41% Li2O from 20m, 2m @ 1.38% Li2O from 30m and 1m @ 2.1% Li2O .
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Figure 2 – Drillhole TM22RC026 highlighting the mineralised intersections within the LCT pegmatite .
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Figure 3 – Tambourah Drillhole TM23RC026 drill chip samples under UV light showing lithium spodumene as pink colour.
2m @ 1.38% Li2O & 1,258 ppm Rb, 125 ppm Cs & 105 ppm Ta from 30m including 1m @ 2.10% Li2O, 1,060 ppm Rb, 119 ppm Cs & 80 ppm Ta from 31m
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Drillhole TM22RC022 and TM22RC023
These RC drillhole was designed to drill test the extensive stacked outcropping pegmatite perpendicular from surface. Seventeen (17) metres of lithium-tantalum mineralisation was encountered from 61m to 78m within the fractioned LCT pegmatite. The pegmatite has an easterly down plunge of the high-grade discovery of 1m @ 1.45 Li2O from 66m, which included 8m @ 118 ppm Ta from 70m.
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Figure 4 – Drillhole TM22RC022 & Drillhole TM22RC 023 highlighting the mineralised intersections within Pegmatites.
On behalf of the Board of Directors, Mr Joe Phillips, Executive Chairman For more information please contact:
Joe Phillips Executive Chairman +61 7 3221 1796 [email protected]
www.infinitymining.com.au [email protected]
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Investor Relations – Australia The Market Bull Hayley Corrigan [email protected]
Competent Persons Statement
The information contained in this report that relates to the Exploration Results is based on information compiled by Andrew Hawker, who is a Member of the Australasian Institute of Mining and Metallurgy. Andrew Hawker is a Geological Consultant for Infinity Mining and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he has undertaken to qualify as Competent Person as defined in the 2012 Edition of the Australasian JORC Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Andrew Hawker consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Company Profile
Infinity Mining Limited holds 100% interest in 780.35km[2] of tenements in the East Pilbara and 13.81 km[2] in the Central Goldfields regions of Western Australia. The Company also has a number of pending applications in the East Pilbara totalling ~211km[2] . These tenements are located in highly prospective Lithium, Nickel, Copper and Gold terranes. The Company’s business strategy is to develop near-term gold targets in the Central Goldfields to support the longer-term investments needed to develop the East Pilbara tenements (Lithium, Nickel, Gold, Copper projects).
Caution Regarding Forward Looking Statements
Certain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding exploration results and Mineral Resource estimates or the eventual mining of any of the projects, are forward-looking statements. The forwardlooking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forwardlooking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to: unforeseen technology changes that results in a reduction in copper, nickel or gold demand or substitution by other metals or materials; the discovery of new large low cost deposits of copper, nickel or gold; the general level of global economic activity; failure to proceed with exploration programmes or determination of Mineral resources; inability to demonstrate economic viability of Mineral Resources; and failure to obtain mining approvals. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
www.infinitymining.com.au [email protected]
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JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|
| Sampling techniques |
• Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. |
•A total of 8 RC drill holes were completed by Infinity Mining Ltd in August 2023, totalling 834m at the Tambourah South Lithium Prospect, on tenement E45/4848, 86 km southwest of Marble Bar, WA. •Holes TM23RC022 to TM23RC029 were drilled to depths ranging from 10 to 200 m for a total of 834 m drilled. •Reverse circulation drilling was used to obtain 1 m split samples of the drill chips, from the rig-mounted cyclone, from which a 2-3 kg split sample was collected into pre-numbered calico bags using a cone splitter. •The remaining bulk 1-meter samples were also collected from the cyclone in large green plastic bags and stored on site. •Drill sampling was monitored by the qualified geologist on site. •The calico bag samples were dried, crushed and pulverised prior to analyses. •Zones of interest were also analysed by Sodium Peroxide fusion for digestion 10 element suite by Nagrom Laboratory in Perth, WA, assays are pending. •107 rock chip samples between 1 to 3 kg were collected by a qualified geologist on site. All sample information, including lithological descriptions and GPS coordinates were recorded during the sampling process. Individual samples were bagged in calico bags and sent to Nagrom Laboratory in Perth, WA, for sodium peroxide fusion for 10 element suite analysis, majority of assays are pending. |
|
| Drilling techniques |
• Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). |
• RC drilling was conducted by Strike Drilling using a tract mounted Austech X350 drill rig. • RC drilling was completed using a 5.5-inch face sampling hammer bit. • 2 to 6 m of PVC casing was used at each hole to protect the collar. • Drillingmethods and equipment were to best industrystandard. |
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| Drill sample recovery |
• Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. |
• Sample recovery and moisture content was monitored by the field geologist at the rig. • Recovery was estimated to be 90 to 100%, for the majority of samples collected. • Samples were dry and limited groundwater was encountered. • No bias has been found between sample recovery and grade. |
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| Logging | • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. |
• Geological logs were completed for all drill holes by an experienced geologist. • The lithology, weathering, oxidation, colour, grainsize, texture, alteration, veining, structure and mineralisation were recorded in excel spreadsheets at the time of drilling by an experienced geologist. • Logs are largely qualitative in nature using company logging codes. • Loggingof spodumene and Lepidolite mineralization and veiningwas |
| Criteria | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|
| quantitative. | |||
| Sub-sampling techniques and sample preparation |
• If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. |
• RC drilling was used to obtain 1 m split samples, from the rig-mounted cyclone, from which a 2-3 kg split sample was collected into pre-numbered calico bags using a cone splitter. • A second 1m split was also collected from the cyclone in the case duplicate samples. • Samples selected for assaying was guided by visual mineralisation or the presence of appropriated host rocks for lithium mineralisation. • Samples were mostly dry and were stored at Infinity Mining’s Hillside Camp prior to shipping to Perth. • Samples were then transported to Nagrom laboratory in Perth for analysis. • Samples size and collection are appropriated for the pegmatite and host rock material beingsampled. |
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| Quality of assay data and laboratory tests |
• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. |
• The entire samples were dried, crushed and pulverized to 85% passing <75um. A Sodium Peroxide fusion in a Ni crucible with a HCl finish was used for digestion. An ICP-OES and ICP-MS analysis was then carried out for 10 elements including Li2O and Li indicator elements. Li2O% was calculated from Li ppm using a conversion factor of 2.153 at the lab, assays are currently pending. • Infinity mining inserted 13 standards, 4 blanks and 3 duplicates and a total of 413 drill chip samples. • Infinitymininginserted 3 standards and a totalof 107 rockchip samples. |
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| Verification of sampling and assaying |
• The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. |
• No twinned drilling has been conducted. • Samples and sample sites were documented in the field by a qualified geologist. • Representative 1m samples of the drill chips were stored in chip trays. • Drill hole chip trays were photography in both white and UV light. • Site data were recorded on a computer in the field and later transfer to a central repository. • Sample descriptions were check against photos. • Drill hole locations were validated using a GIS. • Li2O% was calculated by the lab from Li ppm using a conversion factor of 2.153, all the drilling assays and majority of rock chip assays are currently pending. |
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| Location of data points |
• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. |
• A table of drill hole collar details is included in the report and also in ASX Announcement 24 November 2022 “Maiden Drilling Program at South Tambourah intersects significant lithium mineralization”. • A map showing the drill hole locations is included in the body of the report. • Drill hole collars were collected using a hand-held Garmin GPS and coordinates are referenced to GDA94, MGA Zone 50 grid. • The accuracy of the drill collar locations for East and North is around 3 to 5 m error. The accuracy for elevation is higher (approximately 10 m). • Adownhole gyro survey tool was used to take a dip and azimuth reading every |
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| Criteria | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|
| 30mdepthdowneach hole. | |||
| Data spacing and distribution |
• Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • _Whether sample compositing has been applied. _ |
• Data spacing and distribution was dependent on the identification of pegmatite dykes. • There is insufficient data to determine any economic parameters or mineral resources. |
|
| Orientation of data in relation to geological structure |
• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. |
• The drill holes were mostly drilled roughly 90 degrees to the strike of the pegmatites observed in outcrop. • Holes were generally angled to intersect the interpreted depth extension of the pegmatite units, at the optimal orientation. • One TM23RC026 was drilled down dip of a pegmatite to test the lateral extend of the pegmatite body. • No sampling bias due to drilling orientation isknownat this time. |
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| Sample security |
• The measures taken to ensure sample security. |
• Infinity Mining staff delivered all the samples directly to Nagrom Labs for analysis. |
|
| Audits or reviews |
• The results of any audits or reviews of sampling techniques and data. |
• No audits or reviews of sampling techniques and data were undertaken. |
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Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | Commentary | Commentary | Commentary | Commentary | Commentary | Commentary | Commentary | |
|---|---|---|---|---|---|---|---|---|---|
| Mineral tenement and land tenure status |
• Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. |
• South Tambourah is located within tenement E45/4848 held by Infinity Mining Limited. • The tenement covers an area of 3.2 sq km. • The Infinity tenement (E45/4848) is in good standing. • A Heritage Agreement with the Palyku Claimant Group is in place. |
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| Exploration done by other parties |
• Acknowledgment and appraisal of exploration by other parties. |
South Tambourah • No exploration for Lithium has been reported on E45/4848. • A Ta (Li) occurrence in the north-west corner of the E45/4848, Tambourah North 2 is reported in the WAMEX mineral occurrence database but no description of this occurrence was found. • Nickle exploration was carried by Anglo (1969-1973). No significant mineralisation was found. • Gold exploration was carried by Altura (2012-2015), B Keilor (2001-2005), Mineral Prospectors (1986-1993), BHP (1981-1986) No significant mineralisation was found. • Altura recognised Lepidolite bearing pegmatites approx. 2.5km south of the tenement and sampling returned up to 1.38% Li2O (Trautman, 2013). Altura’s focus was the granite/greenstone margin, and their tenement was adjacent to E45/848. |
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| Geology | • Deposit type, geological setting and style of mineralisation. |
• Lithium-Cesium-Tantalum (or REE) pegmatites with structurally deformed Archean Greenstones, similar to the Greenbushes, Pilgangoora and Wodgina lithium deposits. |
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| Drill hole Information |
• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collaro elevation or RL (Reduced Level – elevation above sea level in metres) ofthe drill hole collar o dip and azimuth of the holeo down hole length and interception deptho hole length.• If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. |
Drill collar files included in the report and have been previously documented in ASX Announcement 24 November 2022 “Maiden Drilling Program at South Tambourah intersects significant lithium mineralization”. The RC drill hole information has been inserted and tubulated below for the assay drill holes reported. Hole_Id Easting GDA94 Northing GDA94 RL Dip Azimuth Final Depth TM22RC022 726506 7599322 363 -60.48 277.38 200 TM22RC023 726498 7599332 364 -84.8 289.14 106 TM22RC024 726124 7599936 375 -50 30 10 TM22RC025 726114 7599931 376 -61.45 301.24 200 TM22RC026 726151 7600000 371 -44.64 88.09 38 |
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| Hole_Id | Easting GDA94 |
Northing GDA94 |
RL | Dip | Azimuth | Final Depth |
|||
| TM22RC022 | 726506 | 7599322 | 363 | -60.48 | 277.38 | 200 | |||
| TM22RC023 | 726498 | 7599332 | 364 | -84.8 | 289.14 | 106 | |||
| TM22RC024 | 726124 | 7599936 | 375 | -50 | 30 | 10 | |||
| TM22RC025 | 726114 | 7599931 | 376 | -61.45 | 301.24 | 200 | |||
| TM22RC026 | 726151 | 7600000 | 371 | -44.64 | 88.09 | 38 |
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| Criteria | JORC Code explanation | Commentary | |||||||
|---|---|---|---|---|---|---|---|---|---|
| TM22RC027 | 726142 | 7600002 | 366 | -60.58 | 276.08 | 142 | |||
| TM22RC028 | 726169 | 7598789 | 403 | -58.69 | 332.84 | 113 | |||
| TM22RC029 | 726374 | 7599325 | 366 | -45 | 195 | 25 | |||
| Data aggregation methods |
• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated. |
• No high-grade cuts or any aggregation methods have been applied. • Li2O % were calculated from Li ppm values using a conversion factor of 2.153. |
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| Relationship between mineralisation widths and intercept lengths |
• These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’). |
• The drill holes were designed to drill roughly perpendicular to the dipping pegmatite bodies at surface. • Drill holes were oriented to return the best intersections of the mineralization and drilled in a perpendicular manner. |
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| Diagrams | • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. |
• All maps have been inserted within the announcement. See diagrams in body of report. |
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| Balanced reporting |
• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. |
• N/A |
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| Other substantive exploration data |
• Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. |
• N/A |
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| Further work | • The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. |
• Refer to the main body of the announcement. |
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