Each one in plain English, with the numbers worked through for a shareholder.
25 June 2024drilling result▲ GoodMajor
Final CV5 winter assays: 124.9 m at 1.72% Li2O (including 13.4 m at 4.04%) and 63.7 m at 2.68% (including 35.6 m at 3.78%). All CV5 holes now reported. Resource upgrade, with maiden CV13 resource, now targeted for August 2024; a PEA is targeted for Q3 2024.
11 June 2024drilling result▲ GoodMajor
CV13's high-grade zone, now named Vega, expanded: 33.4 m at 2.40% Li2O (incl. 11.1 m at 4.33%), and the highest single sample at Corvette, 1.7 m at 7.01%. Zone covers about 350 by 125 m and is open. 83 holes remain unreported; summer drilling will target it.
16 May 2024drilling result▲ Good
Next 20 CV5 infill holes include 122.5 m at 1.42% Li2O and 71.4 m at 1.57%. 111 winter holes (67 CV5, 44 CV13) still unreported, including the CV13 high-grade follow-ups. Q3 2024 resource update, with maiden CV13 resource, unchanged.
7 May 2024drilling result▲ GoodMajor
New high-grade zone found at CV13: 34.4 m at 2.90% Li2O (incl. 21.9 m at 3.58%) from about 125 m depth, open in several directions. Follow-up holes were drilled but assays are pending. Maiden CV13 resource still Q3 2024.
1 May 2024drilling result▲ GoodMajor
First 2024 CV5 infill assays (34 holes) include 126.3 m at 1.66% Li2O and 70.1 m at 2.44% (incl. 16.1 m at 5.02%). Hole 374 was wider than the 2023 resource model predicted. 132 holes still unreported.
22 Apr 2024drilling result▲ GoodMajor
Final 2023 CV5 assays include 133.9 m at 1.21% Li2O and 50.5 m at 1.42%. CV5 now traced 4.6 km (was 4.4 km), open. Winter 2024 program finished at 62,518 m; resource update still Q3 2024.
8 Apr 2024drilling result▲ GoodMajor
Final 2023 assays for CV13 and CV9. CV13's best hole yet: 28.7 m at 1.49% Li2O (incl. 20.4 m at 2.03%), a new shallow zone. CV9's maiden drilling hit 99.9 m at 0.39%. 42 CV5 holes remain; Q3 2024 resource update unchanged.
25 Mar 2024drilling result▲ GoodMajor
2023 surface work found a new spodumene pegmatite outcrop, CV14, with grab samples of 0.94% and 0.86% Li2O, extending the CV9-CV10-CV14 trend to ~3.6 km. Boulders south of CV5 and CV13 channel results (best 5.4 m at 1.93%) add to the picture.
26 Feb 2024drilling result▲ Good
More CV13 assays from 15 2023 holes, best 22.5 m at 1.10% Li2O (incl. 15.2 m at 1.57%). CV13 stays at 2.3 km; CV5-CV13 gap traced to ~3 km. About 23,000 m drilled in 2024 with ten rigs. Updated resource still Q3 2024.
7 Feb 2024drilling result▲ Good
CV5 traced over 4.4 km. West extension holes outside the resource returned 34.2 m at 1.06% Li2O; infill hole CV23-246 hit 89.5 m at 1.01% and 11.6 m at 3.25%. Eastern near-surface holes found only minor pegmatite. 42 CV5 holes still unreported.
1 Feb 2024drilling result▲ Good
Assays for 22 CV13 holes from 2023: best 26.1 m at 1.21% Li2O. The high-grade zone now extends over 200 m and CV13 is traced to 2.3 km (was ~1.1 km). Results still due for 35 CV13, 54 CV5 and 18 CV9 holes.
17 Jan 2024drilling scheduled▲ GoodMajor
The 2024 winter drilling began at Corvette, planned to reach ten rigs and at least 45,000 m through April, mainly infill drilling to lift CV5 resource confidence from inferred to indicated. Updated resource now due Q3 2024 (earlier guidance was mid-2024).
18 Dec 2023drilling result▲ Good
Step-out holes at CV5 and CV13 returned more lithium results from the summer-fall program, best 56.6 m at 1.37% Li2O at CV5; 27 holes reported, over 125 still awaiting assays. Company will now only announce intercepts alongside assays.
22 Nov 2023drilling result▲ GoodMajor
First drilling at CV9, 14 km west of CV5, logged spodumene-bearing pegmatite, including about 100 m in CV23-345; 18 holes (~4,000 m) done. These are visual logs only; no assays yet. A new discovery claimed by the company, with grades unknown.
13 Nov 2023drilling result▲ GoodMajor
CV23-199 returned the widest intersection on Corvette to date: 172.4 m at 0.93% Li2O, including 34.5 m at 1.85%. Early assays from the CV5 western extension, outside the resource, are also well mineralised (e.g. 46.3 m at 1.20%). Drilling pauses until early January; over 140 holes await assays.
19 Oct 2023drilling result▲ GoodMajor
New near-surface high-grade zone found at CV13, the first CV13 assays this season: best 8.0 m at 2.86% Li2O including 4.3 m at 5.03%, and 12.7 m at 2.46%. Company says this opens starter-pit options; eight rigs active; updated resource expected mid-2024.
25 Sept 2023drilling progress report▲ GoodMajor
CV5 pegmatite now traced 4.35 km, up from 3.7 km, after a 650 m westward extension; best intersection 56.8 m continuous, with a 178.2 m pegmatite interval in one hole (assays pending). Seven rigs are active, with ten targeted by mid-January 2024. Assays due from October.
11 Sept 2023resource reserve update● Neutral
The formal technical report supporting the maiden CV5 resource (109.2 Mt at 1.42% Li2O inferred) has been filed, as promised for early September. Prepared by independent BBA Engineering. The resource figures are unchanged from 31 July; this is a filing, not a revision.
29 Aug 2023drilling progress report● Neutral
About 35 holes and 10,100 m drilled this summer, with four rigs rising to seven by mid-September. CEO cites $150m in the treasury. New drill results are deferred until after the CV5 technical report is filed in early September.
31 July 2023resource reserve update▲ GoodMajor
Maiden CV5 resource: 109.2 Mt at 1.42% Li2O inferred (0.40% cut-off), 3.835m t lithium carbonate equivalent, from 163 holes. The company calls it the largest lithium pegmatite resource in the Americas and 8th largest globally. CV13 resource is now expected in 2024.
10 July 2023drilling result▲ GoodMajor
Final winter assays reported, completing all results. Nova Zone hole CV23-181 returned 108.0 m at 2.44% Li2O, and CV23-184 and CV23-190 gave 78.9 m at 1.00% and 139.2 m at 1.26%. This closes the pending-assay thread; the CV5 resource is due in a few weeks.
15 June 2023drilling result▲ Good
More winter assays: CV23-148 returned 95.3 m at 1.62% Li2O, supporting the 1.1 km Nova Zone; CV23-160A 127.7 m at 1.78%. Twelve holes still unreported. Initial CV5 resource estimate now targeted for July 2023, slipping from late June.
17 May 2023drilling result▲ GoodMajor
New assays define a high-grade zone extending the Nova Zone west; best 122.6 m at 1.89% Li2O (incl 8.1 m at 5.01%) in CV23-138. Nova Zone now interpreted continuous about 1.1 km. Assays for 27 holes still pending.
2 May 2023drilling progress report▲ Good
CV5 pegmatite extended 550 m west, now traced 3.7 km (up from 3.15 km) and still open. Winter program finished with 89 holes (~32,367 m); assays for 67 holes pending. Initial resource estimate now scheduled June/July; summer-fall drilling starts late May.
30 Mar 2023drilling result▲ GoodMajor
First 2023 assays confirm Nova Zone extended 400 m east: CV23-105 returned 83.7 m at 3.13% Li2O, including 19.8 m at 5.28%. Nova Zone now traced about 750 m. Drilling pauses around 20 April for goose harvest, resuming late May.
24 Mar 2023drilling progress report▲ Good
CV5 pegmatite now traced 3.15 km, 550 m further east since February, and still open. 52 holes (~20,644 m) done this year, passing the 20,000 m target; six rigs active. First assays from 37 holes' samples expected shortly; westward step-outs toward CV13 started.
14 Feb 2023drilling result▲ GoodMajor
Assays from the 14 holes at the CV13 cluster, discovered in summer 2022, show lithium pegmatite in ten holes. Best is 22.6 m at 1.56% Li2O, including 6.0 m at 3.19%. An initial CV13 resource estimate is scheduled for 2023.
6 Feb 2023drilling progress report▲ GoodMajor
First 2023 holes extend the CV5 pegmatite about 400 m east, giving at least 2.6 km of traced strike. Four rigs are active with a fifth coming; 20,000 m minimum targeted. No 2023 assays are in yet; resource estimate still targeted for first half 2023.
30 Jan 2023drilling result▲ GoodMajor
Final 2022 CV5 assays: hole CV22-093 hit 52.2 m at 3.34% Li2O, including 15.0 m at 5.10%, extending the high-grade 'Nova Zone' to about 350 m. All 2022 CV5 assays are now reported; the 14 CV13 holes remain outstanding.
19 Jan 2023drilling result▲ GoodMajor
Hole CV22-083 returned 156.9 m at 2.12% Li2O, including 25.0 m at 5.04%, the best CV5 intercept to date. High-grade zone now traced about 250 m. 24 holes await assays; initial resource estimate planned for first half 2023.
