TIDMFRG
RNS Number : 1280N
Firering Strategic Minerals PLC
20 September 2023
Firering Strategic Minerals plc / EPIC: FRG / Market: AIM /
Sector: Mining
20 September 2023
Firering Strategic Minerals Plc
("Firering" or the "Company")
Update on Atex Lithium-Tantalum Project:
Part 1 of Phase II auger drilling campaign completed with six
new pegmatite zones identified
Commencement of 3,000 metres RC drilling campaign
Firering Strategic Minerals plc, an exploration company focusing
on critical minerals, is pleased to announce that it has completed
part 1 of its Phase II auger drilling campaign at Atex
Lithium-Tantalum Project ("Atex"), its flagship lithium project in
Côte d'Ivoire which has resulted in the identification of six new
pegmatite zones. Firering, in conjunction with Ricca Resources
("Ricca"), is now planning to commence its initial round of Reverse
Circulation ("RC") drilling targeting these zones in Q4 2023.
Highlights
-- A total of 14,116 soil samples were collected during the
large-scale soil sampling campaign and tested in Atlantic Lithium's
laboratory in Ghana using portable x-ray fluorescence spectrometry
("pXRF") and Laser Induced Breakdown Spectrometry ("LIBS"), with
over 50% of the results reported in May (announced on 30 May
2023).
-- A total of nine target areas were identified, including six
new pegmatite zones in some of the target areas, and have been
geologically mapped in detail. The recent auger campaign focused
initially on three of the nine target areas.
-- A total of 1,039 holes were drilled during part 1 of the
Phase II auger drilling campaign for a total of 6,015m of drilling
and an average depth of hole of 5.79m. End of Hole ("EOH") samples
clearly identified previously unidentified pegmatites.
-- An initial 3,000m of RC drilling is planned to better define
the pegmatites identified during the auger drilling in terms of
mineralisation, size and orientation.
Yuval Cohen, Chief Executive Officer of Firering, said:
"I am delighted to announce that Firering, in conjunction with
Ricca, has completed the first part of its planned Phase II auger
drilling campaign, after successfully having completed its
large-scale soil sampling campaign in May 2023.
"Our partnership with Ricca has allowed us to significantly
accelerate the work at Atex to the benefit of all shareholders.
"Six new pegmatite zones were identified because of this auger
drilling and were geologically mapped in detail to direct our
initial 3,000m of RC drilling, planned for Q4 2023. We are also
expecting the remaining c.45% of the LIBS results that are still
outstanding during Q4 2023.
"So far, the results of all our exploration work at Atex have
been very encouraging, indicating the potential of Atex becoming
the first lithium producing project in Côte d'Ivoire.
I am looking forward to keeping the market updated with our
achievements at Atex".
Interpretation of soil sampling and geological mapping
Firering's and Ricca's technical teams have interpreted soil
sample results from more than 50% of the pXRF and LIBS test work
and completed detailed geological mapping over the area covered by
these results. Nine target areas for detailed geological mapping
and auger drilling were identified (refer Figure 1), which included
six new pegmatite zones in some of the target areas.
Completion of Part 1 of Phase II Auger Drilling
The first part of the Phase II auger drilling campaign was
completed in August 2023. A total of 1,039 holes were drilled
during this first part for a total of 6,015m of drilling, resulting
in an average depth of hole of 5.79m and ranging from two to
eighteen metres. All completed auger lines are shown in Figure 2.
The lithology of the EOH samples in the auger holes (marked in
yellow in Figure 2) clearly identifies pegmatites in some of the
holes and was used to delineate these sub cropping pegmatites
(shown in red in Figure 2).
Identification of tourmaline zones
Additional geological mapping identified tourmaline zones that
had not been mapped previously. These tourmaline zones could be
indicative of pegmatites; t ourmaline bearing schists occurs in the
wall rocks close to some of the pegmatite contacts as observed in
the drill core collected during the initial scout drilling
programme completed in 2022. Tourmaline is a common accessory
mineral in pegmatites, including spodumene pegmatites, and
tourmaline bearing alteration aureoles may have developed in the
host rocks around the pegmatites.
An updated geological map, showing these tourmaline zones and
completed auger lines is shown in Figure 3.
Planning of next 3,000m of RC drilling
Based on the results from the soil sampling and the first part
of the Phase II auger drilling campaign, drill hole locations were
planned for the initial 3,000m of RC drilling commencing in Q4 2023
(refer Figure 4). Holes drilled as part of the 2022 Diamond
Drilling ("DD") scout drilling campaign are shown in black in
Figure 4, and the planned RC holes in blue. Results from this RC
campaign will direct the future drilling programmes.
Figure 1 : Updated geological map showing the nine identified
target areas that were mapped in detail; the auger drilling focused
initially on Areas 1,2 and 6.
Figure 2 : Completed auger lines in Areas 1, 2 and 6
superimposed on updated geology and showing EOH lithology that
clearly identifies the pegmatites.
Figure 3 : Updated geological map showing tourmaline zones and
completed auger lines.
Figure 4 : Plan view showing recently completed auger lines with
end of hole (EOH) geology in yellow (pegmatite) and cyan (aplite).
2022 DD holes are shown in black and planned 2023 RC holes in
blue.
Competent Person
In accordance with the AIM Note for Mining and Oil and Gas
Companies, Firering discloses that Michael Cronwright of CSA Global
is the Competent Person that has reviewed the technical information
contained in this document. Michael Cronwright has a Pr.Sci.Nat
with the South African Council for Natural Scientific Professions
("SACNASP") and is a member in good standing with SACNASP. Mr
Cronwright has the appropriate relevant qualifications, experience,
competence and independence to act as a Competent Person as defined
in the 2012 Edition of the "Australian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves". Michael
Cronwright consents to the inclusion of the information in this
announcement in the form and context in which it appears.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014
WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL)
ACT 2018, AS AMED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO
BE IN THE PUBLIC DOMAIN.
***S ***
For further information and updates on Firering's exploration
programme, visit www.fireringplc.com or contact the following:
Firering Strategic Minerals Tel: +44 20 7236
Yuval Cohen 1177
Vassilios Carellas
SPARK Advisory Partners Limited Tel: +44 20 3368
Nominated Adviser 3550
Neil Baldwin / James Keeshan / Adam
Dawes
Optiva Securities Limited Tel: +44 20 3137
Broker 1903
Christian Dennis / Daniel Ingram
St Brides Partners Limited T: +44 20 7236 1177
Financial PR E: firering @stbridespartners.co.uk
Ana Ribeiro / Susie Geliher / Isabelle
Morris
Notes to Editors:
Firering Strategic Minerals
Firering Strategic Minerals plc is an AIM-quoted mining company
focused on exploring and developing a portfolio of mines producing
critical minerals in the Côte d'Ivoire focused on Lithium and
Tantalum to support the global transition to net zero emissions. It
operates the Atex Lithium-Tantalum Project in northern Côte
d'Ivoire, which is prospective for both lithium and tantalum.
Firering's main focus is working together with Australian
diversified minerals company Ricca Resources to advance development
at Atex with a view to establishing a maiden lithium resource and
then progressing a Lithium project through to DFS. Firering is also
assessing pilot scale production of ethically sourced tantalum and
niobium to generate early revenues and support further exploration
work. Should pilot production be successful, a large-scale Tantalum
production facility may be developed, which will be supported by a
debt facility of FCFA 5,057,000,000 (approximately EUR7,500,000)
currently under negotiation to fund the entire scale-up plan to
develop a portfolio of ethically sourced mineral projects in the
Côte d'Ivoire, supplying EV batteries, high tech electronics and
other fast-growing end markets.
Forward-Looking Statements
This announcement may contain some references to forecasts,
estimates, assumptions and other forward-looking statements.
Although the Company believes that its expectations, estimates and
forecast outcomes are based on reasonable assumptions, it can give
no assurance that they will be achieved. They may be affected by a
variety of variables and changes in underlying assumptions that are
subject to risk factors associated with the nature of the business,
which could cause actual results to differ materially from those
expressed herein.
JORC TABLE 1Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections)
Criteria JORC Code explanation Commentary
------------------------------------------------------------ --------------------------------------------------------------
Drilling
techniques * Drill type (e.g., core, reverse circulation, * Uncased auger drilling is used to collect samples at
open-hole hammer, rotary air blast, auger, Bangka, 1m intervals.
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 * The drilling was conducted by Royal Mining, a company
oriented and if so, by what method, etc). based in Abidjan using 2x Drilling Equipment Plant
LTD manufactured rigs and towed by a Jiang Fa 2500
tractor. The rigs total depth capability was 18m.
* All holes were drilled vertically.
------------------------------------------------------------ --------------------------------------------------------------
Drill sample
recovery * Method of recording and assessing core and chip * 1039 auger soil samples were collected weighing
sample recoveries and results assessed. between 2kg and 6.0kg, averaging 3.0kg.
* Measures taken to maximise sample recovery and ensure * Sample recoveries are considered suitably
representative nature of the samples. representative for the purposes of target generation.
* 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.
------------------------------------------------------------ --------------------------------------------------------------
Logging
* Whether core and chip samples have been geologically * All the auger holes were geologically logged at 1m
and geotechnically logged to a level of detail to sample intervals.
support appropriate Mineral Resource estimation,
mining studies and metallurgical studies.
* All samples were photographed.
* Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc) photography.
* The total length and percentage of the relevant
intersections logged.
------------------------------------------------------------ --------------------------------------------------------------
Sub-sampling
techniques * If core, whether cut or sawn and whether quarter, * The soil samples were processed at FSM's camp in
and sample half or all core taken. Tounvré.
preparation
* If non-core, whether riffled, tube sampled, rotary * Samples were oven dried for up to 120 mins and then
split, etc and whether sampled wet or dry. pulverised with a motor and pestle until all material
passed through 0.16mm sieve.
* For all sample types, the nature, quality and
appropriateness of the sample preparation technique. * 2 pulp samples of 100-200g of the screened material
was then collected, one bagged and labelled for
despatch to Ricca Resources laboratory in Ghana and
* Quality control procedures adopted for all the duplicate remained as reference pulp sample in
sub-sampling stages to maximise representivity of Tounvré camp. The remaining material was
samples. retained.
* Measures taken to ensure that the sampling is * In Ghana a pressed pellet was produced from the
representative of the in-situ material collected, sample using a manual hydraulic press and the
including for instance results for field remaining sample retained.
duplicate/second-half sampling.
* The 1m auger samples were riffle split on site to
* Whether sample sizes are appropriate to the grain obtain a nominal 5kg subsample. A 5kg (or of similar
size of the material being sampled. mass) duplicate sample was also prepared for each
sample from the reject material and has been retained
on site. Wet clay samples are coned and split by hand
and dried in the oven with other samples.
* The sample captured from the drill string is placed
in 50cm wide washing tubs hand mixed and spilt
through a 50:50 splitter.
* The auger samples are being processed at FSM's camp
in Tounvré.
* Samples were oven dried for up to 120 mins and then
pulverised with a motor and pestle until sufficient
material passed through 0.16mm sieve.
* A subsample comprising a100g scoop from each metre
sample is taken and placed in plastic bag for air
drying and pXRF and at Tounvré base.
* The 3-5kg EOH field samples is split 50:50 at camp
with this primary sample being prepped and the field
duplicate stored at FSM's camp. The primary 2.5kg
sample is prepped and generates two 100g minus
160micron subsamples. One is bagged and labelled for
despatch to Ricca Resources laboratory in Ghana and
the duplicate remained as reference pulp sample in
Tounvré camp. The coarse reject is discarded.
The auger top of saprolite samples are considered
suitable for identifying exploration targets.
------------------------------------------------------------ --------------------------------------------------------------
Quality of
assay data * The nature, quality and appropriateness of the * The soil samples were couriered to Ricca Resources
and assaying and laboratory procedures used and whether Ghana laboratory where they will be subject to
laboratory the technique is considered partial or total. industry accepted sample preparation and multi
tests element analysis by pXRF for 34 elements including Rb,
Sn, Nb and Zr and LIBS for Li.
* For geophysical tools, spectrometers, handheld XRF
instruments, etc, the parameters used in determining
the analysis including instrument make and model, * Olympus Vanta XRF Analyzer model VMR series was used
reading times, calibrations factors applied and their in reading multi-element suite and SciAps LIBS
derivation, etc. analyser for reading and Li and selected elements.
* Nature of quality control procedures adopted (e.g., * Internal laboratory QAQC checks analysis on its own
standards, blanks, duplicates, external laboratory certified reference material of standards and blanks
checks) and whether acceptable levels of accuracy /inserted at regular interval into the sample stream
(i.e. lack of bias) and precision have been are reported.
established.
* QAQC performance was monitored and reviewed by Ricca
and demonstrated the results are acceptable for the
reporting of the results.
* The Competent Person is satisfied that the results of
the QAQC are acceptable and that the assay data from
are suitable for the reporting of exploration
results.
* Geophysical instruments were not used in assessing
the mineralisation.
------------------------------------------------------------ --------------------------------------------------------------
Verification
of sampling * The verification of significant intersections by * CSA Global (CSA) has not observed any of the sampling
and assaying either independent or alternative company personnel. process executed by Ricca Resources sampling team.
* The use of twinned holes. * No verification sampling was done.
* Documentation of primary data, data entry procedures, * The auger logging and sampling data are captured on
data verification, data storage (physical and tablets that were imported into a SQL database
electronic) protocols. managed by CSA Global.
* Discuss any adjustment to assay data. * The field programme was managed by Ricca Resources
* All hole locations are recorded on a handheld GPS on
tablets.
* All data is stored locally on a laptop computer and
backed-up onto the cloud.
* The assay data has not been adjusted.
------------------------------------------------------------ --------------------------------------------------------------
Location of
data points * Accuracy and quality of surveys used to locate drill * All soil sampling locations were captured using a
holes (collar and down-hole surveys), trenches, mine handheld GPS The information was then transferred to
workings and other locations used in Mineral Resource the logging Excel spreadsheets.
estimation.
* Coordinates are relative to WGS84 UTM zone 29P.
* Specification of the grid system used.
* The locations are considered suitably accurate for
* Quality and adequacy of topographic control. the purpose of reporting exploration results.
* The auger hole locations were recorded using a
handheld GPS device.
* Coordinates are relative to WGS84 UTM zone 29P.
* The locations are considered suitably accurate for
the purpose of reporting exploration results.
* The results will not be used in any Mineral Resource
estimation.
------------------------------------------------------------ --------------------------------------------------------------
Data spacing
and * Data spacing for reporting of Exploration Results. * Soil sampling was completed on east-west grid with
distribution lines spaced at 100m apart and samples collected at
100m intervals along the lines to create a 100x100m
* Whether the data spacing and distribution is sample grid across the Atex licence.
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral Resource
and Ore Reserve estimation procedure(s) and * The spacing is considered suitable to determine
classifications applied. targets associated with LCT pegmatites for follow-up
exploration work.
* Whether sample compositing has been applied.
* No sample compositing was done.
* Auger lines were laid out along a northeast-southwest
pattern with lines spaced 150m apart covering
selected soil anomalies. Station spacing along the
lines orientated in a northwest-southeast direction
is 20m.
* The spacing is considered suitable to determine
targets for follow-up work.
* No sample compositing was done.
------------------------------------------------------------ --------------------------------------------------------------
Orientation
of data in * Whether the orientation of sampling achieves unbiased * Soil sampling was completed on east-west grid with
relation to sampling of possible structures and the extent to lines spaced at 100m apart and samples collected at
geological which this is known, considering the deposit type. 100m intervals along the lines to create a 100x100m
structure sample grid across the Atex licence and was suitable
to delineate several soil anomalies for targeted
* If the relationship between the drilling orientation follow up in the subsequent auger programme.
and the orientation of key mineralised structures is
considered to have introduced a sampling bias, this
should be assessed and reported if material. * Individual auger lines were orientated
northwest-southeast (perpendicular to the inferred
orientation of the pegmatite at Spodumene Hill), and
trend of the soil anomalies, and lines spaced at 150m
along a northeast-southwest orientation.
* The grid was designed to determine potential strike
extents to the northeast-southwest striking Spodumene
Hill pegmatite and also test a number of the
additional soil anomalies identified from the soil
sampling programme.
* No relationship has been establishing between the
interpreted pegmatite intercepts from the auger holes
and true widths.
* The results will not be used in any Mineral Resource
estimation.
------------------------------------------------------------ --------------------------------------------------------------
Sample
security * The measures taken to ensure sample security. * All soil and auger samples were collected, labelled
and bagged on site by the Ricca exploration team.
* At the end of each day the samples were placed in
large plastic bags and large plastic labelled bags.
Each bag usually contained samples from one hole.
* Samples were secured and stored in FSMs core yard
facility in Tounvré where the sample preparation
was also done.
* Sample batches of the prepared sample material were
then dispatched to Ricca Resources' laboratory in
Ghana for assay by LIBS and pXRF.
* Sample transport to Ghana was managed by Ricca
Resources and facilitated by Intertek Yamoussoukro
Prep lab, which delivered the samples to Ghana on
behalf of Ricca Resources
* A chain of custody sheet was verified and signed off
at each stage in transit before in get to the
Laboratory in Ghana and finally checked and signed by
the recipient.
* The sample lists were submitted to the Ricca
Resources laboratory in Ghana electronically and
checked by the recipient against what was received.
* Batch tracking file is updated regularly, considering
the status of samples dispatched and results
received.
============= ------------------------------------------------------------ --------------------------------------------------------------
Audits or
reviews * The results of any audits or reviews of sampling * The soil sampling and auger sampling technique was
techniques and data. reviewed by Ricca Resources and the Competent person.
* Regular reviews of the data and assay results have
been conducted to ensure the data are suitable for
target generation purposes.
* Discussions were also held with key technical staff
from Ricca Resources regarding the geology, sampling
and data capture they conducted.
* The Competent Person considers that the exploration
work conducted to date is using appropriate
techniques for the style of mineralisation and is
suitable for the reporting of the exploration
results.
------------------------------------------------------------ --------------------------------------------------------------
Section 2 Reporting of Exploration Results
(Criteria listed in the previous section also apply to this section.)
Criteria JORC Code explanation Commentary
=============== =============================================================== ==============================================================
Mineral
tenement * Type, reference name/number, location and ownership * The Atex exploration permit was issued as PR-777 on 6
and land including agreements or material issues with third December 2017 to Atex Mining Resources and was valid
tenure status parties such as joint ventures, partnerships, for 4 years, expiring in December 2021. In March
overriding royalties, native title interests, 2021, Firering Holdings acquired 51% of Atex Mining
historical sites, wilderness or national park and and has an option to acquire an additional 39%.
environmental settings.
* PR-777 has been renewed for an additional three years
* The security of the tenure held at the time of for Li, expiring on 5 December 2024. The Mining Code
reporting along with any known impediments to of Ivory Coast allows for the adding of other
obtaining a licence to operate in the area. commodities, e.g., Ta and Au when found during
exploration activities.
--------------- --------------------------------------------------------------- --------------------------------------------------------------
Exploration
done by other * Acknowledgment and appraisal of exploration by other * Within PR-777 limited exploration work comprising
parties parties. geological mapping and prospecting focussed on the
eluvial, alluvial and pegmatite hosted
columbo-tantalite mineralisation was done between
1953 and 1963. This work identified the area to have
"good" potential for columbo-tantalite mineralisation
as well some evidence of placer gold mineralisation
around Touvre.
* Adam (1966) conducted the systematic exploration in
the area on behalf of SODEMI from 1965-1966. His work
comprised non-systematic and systematic pitting,
mapping, rock chip and mineral concentrate sampling.
The work identified several areas with potentially
economic columbo-tantalite mineralisation as well as
the spodumene-lepidolite bearing pegmatite(s) around
Spodumene Hill. His mapping also recognised 5 types
of pegmatites in the area, namely:
* lepidolite, muscovite, spodumene, columbo-tantalite
type;
* green muscovite, columbo-tantalite type;
* green muscovite and beryl type;
* muscovite, beryl type; and
* biotite, magnetite type.
* More recently, the permit was covered by a larger
licence held by Perseus Mining Limited who were
exploring for gold within the region. The results of
this exploration are unknown.
* It is understood that they conducted airborne
geophysical (magnetic and radiometric) surveys over
the area.
* The most recent exploration conducted has been by
Atex Mining Resources who conducted mapping, rock
chip sampling, limited drilling and licence wide soil
sampling and focuses auger drilling targeting the
lithium potential of the licence and confirmed the
presence of spodumene and lepidolite mineralisation
in the area around Spodumene Hill.
--------------------------------------------------------------- --------------------------------------------------------------
Geology
* Deposit type, geological setting and style of * The Atex Project occurs in the western limit of the
mineralisation. Bagoé Basin within Baoulé-Mossi domain of
the West African Craton (WAC). The WAC comprises
Archaean basement material and the surrounding
Proterozoic granite-greenstone terranes (termed the
Birimian or Birimian Supergroup). The Birimian rocks
are synchronous with the Eburnean orogeny. The
Baoulé-Mossi domain comprises several
north-northeast to south-southwest to north-south
arcuate belts that stretch hundreds of kilometres and
are host to multiple gold, base metal, and
pegmatite-hosted columbo-tantalite and lithium
deposits that are spatially and temporally related to
the Eburnean orogeny that took place between 2,250
and 1,980 Ma.
* The geology of the Project area is underlain by
Birimian metavolcanics and Eburnian-aged granitoid
intrusions, including undeformed, late stage potassic
granites considered to be genetically related to the
pegmatites.
* Historical work within the permit area has identified
several pegmatite types within the licence area,
including pegmatites that are prospective for lithium
and columbo-tantalite mineralisation. The exploration
work by Adam (1966) also identified surficial
columbo-tantalite mineralisation associated with the
pegmatites and weathering thereof.
* Recently, several companies have demonstrated the
potential for pegmatite-hosted lithium mineralisation
in the region. These include Atlantic Lithium
(previously IronRidge Resources) who have developed
the Ewoyaa Lithium Project in Ghana, Firefinch
(previously Mali Lithium) and their Goulamina project
and Kodal Minerals with their Bougouni project bothin
southern Mali.
* The pegmatites within the Atex permit belong to the
LCT-Rare Element group of pegmatites and includes the
LCT spodumene-lepidolite bearing pegmatite at
Spodumene Hill and muscovite-columbo-tantalite type
pegmatites.
* The pegmatites within the Atex Proiect are hosted in
mafic schists, although some minor mica schist is
also present, and comprise a series of steeply
dipping north-northeast striking bodies. Less common
are smaller east-west orientated pegmatites Current
work by Firering Strategic Minerals has identified
several pegmatite bodies around Spodumene Hill, which
have been the focus of the current drilling campaign.
* Several of these pegmatites have been identified to
be potentially lithium bearing, with the lithium
hosted in spodumene and lepidolite.
* The area is also considered moderately prospective
for orogenic Birimian gold mineralisation based on
the local geology and proximity to several gold
deposits in the broader region. Historical
exploration in the 1960s also noted a small "placer"
gold deposit close to Tounvré.
--------------------------------------------------------------- --------------------------------------------------------------
Drill hole
Information * A summary of all information material to the * All relevant maps showing the sample locations
understanding of the exploration results including a results have been included in the announcement.
tabulation of the following information for all
Material drill holes:
* Geological results have been reported.
o easting and northing
of the drill hole * Only lithium results have been reported for the soils
collar as this data best summarises and highlights the
o elevation or RL potential target areas identified.
(Reduced Level - elevation
above sea level in
metres) of the drill
hole collar
o dip and azimuth
of the hole
o down hole length
and interception depth
o 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.
--------------------------------------------------------------- --------------------------------------------------------------
Data
aggregation * In reporting Exploration Results, weighting averaging * Results plotted and interpreted are based on the
methods techniques, maximum and/or minimum grade truncations geology encountered in the end of hole auger sample.
(e.g., cutting of high grades) and cut-off grades are
usually Material and should be stated.
* No data aggregation or metal equivalents have been
reported.
* 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.
--------------- --------------------------------------------------------------- --------------------------------------------------------------
Relationship
between * These relationships are particularly important in the * There is no relationship between the lithium results
mineralisation reporting of Exploration Results. in the soil samples and possible pegmatite hosted
widths and lithium mineralisation.
intercept
lengths * If the geometry of the mineralisation with respect to
the drill hole angle is known, its nature should be * There is no relationship between the geological
reported. results from the auger samples and possible pegmatite
hosted lithium mineralisation.
* If it is not known and only the down hole lengths are
reported, there should be a clear statement to this * No relationship has been established with respect to
effect (e.g., 'down hole length, true width not the target sizes and the size of potential pegmatite
known'). hosted lithium mineralisation. However, the auger
results do provide a more accurate delineation of the
pegmatites for follow up drill targeting.
* Follow-up exploration work is required to test the
targets identified and establish whether the targets
are associated with mineralised pegmatites.
--------------- --------------------------------------------------------------- --------------------------------------------------------------
Diagrams
* Appropriate maps and sections (with scales) and * Relevant maps are presented in the accompanying
tabulations of intercepts should be included for any documentation.
significant discovery being reported These should
include, but not be limited to a plan view of drill
hole collar locations and appropriate sectional
views.
--------------- --------------------------------------------------------------- --------------------------------------------------------------
Balanced
reporting * Where comprehensive reporting of all Exploration * The reported exploration results from the Atex
Results is not practicable, representative reporting project are related to the logged geology and assays
of both low and high grades and/or widths should be from the soil sampling and logged geology from the
practiced to avoid misleading reporting of auger drilling completed to date.
exploration results.
--------------------------------------------------------------- --------------------------------------------------------------
Other * Not applicable.
substantive * Other exploration data, if meaningful and material,
exploration should be reported including (but not limited to):
data 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.
--------------- --------------------------------------------------------------- --------------------------------------------------------------
Further
work * The nature and scale of planned further work (e.g., * Additional exploration is planned and summarised in
tests for lateral extensions or depth extensions or the accompanying documentation.
large-scale step-out drilling).
* This work will be used to plan and refined the
* Diagrams clearly highlighting the areas of possible drilling planned by FSM.
extensions, including the main geological
interpretations and future drilling areas, provided
this information is not commercially sensitive. * Maps are included in the Report.
--------------------------------------------------------------- --------------------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDPPUWGBUPWGMU
(END) Dow Jones Newswires
September 20, 2023 13:28 ET (17:28 GMT)
Firering Strategic Miner... (LSE:FRG)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Firering Strategic Miner... (LSE:FRG)
Gráfica de Acción Histórica
De May 2023 a May 2024
