In resources, it’s all about the “resource”. The quality and duration of your resource all but decides the profitability of your project. The good news for ASX-listed Kidman Resources (KDR) is that both the quality and duration (mine life) of their Earl Grey deposit continues to improve.
Kidman Resources (KDR) remains my no.1 lithium exposure globally. Kidman Resources shares are up four times since we bought them for the AIM Global High Conviction Fund and recommended them in the Switzer Report as a “speculative buy” and I believe further capital gains are ahead for Kidman Resources as it transforms from speculative explorer to large-scale producer. AIM is Kidman Resources’ largest institutional shareholder right now, and its performance has contributed to our strong returns.
Earlier this week, Kidman Resources announced a 54% increase in the combined Mineral Resource Estimate (MRE) for the Earl Grey Lithium Deposit (Earl Grey). Following a comprehensive 12-month Resource Definition and Exploration drill program, Earl Grey is now estimated to contain 189 million tonnes of 1.50% Li2O, or 7.03 million tonnes of Lithium Carbonate Equivalent (LCE). This is a high confidence estimate with 91% of the estimate classified as Measured and Indicated. Below we have pulled the key information out of the company announcement.