Ann: Lithium Exploration Commences at Moolyella-EXC.AX, page-25

Looks like the HAO muppets had a few left over to sell into this morning's news - I didn't miss the top-up chance this morning like I did last time.

Hopefully that's them done.

Lithium exploration currently underway and as it stands, there is no value attributed to the Company's Lithium potential or the fact that they're currently undertaking Lithium exploration on grounds that the MD thinks that "the Moolyella Lithium Project has the potential to host significant Lithium mineralisation".

There is no value attributed to the Lithium as just the Pybar Gold agreement, for EXC being free carried through mining of gold, which will commence in the short term, is surely alone worth more than the current $10m market cap given to the Company?

Then there's:

  - the rest of the Gold
  - the Lithium with initial hits of 1.82% Li2O
  - the recent "additional placement at twice the price of the placement completed a few days earlier (to a "well-known small cap resources fund")
  - lithium exploration currently underway
  - more Gold news to come in relation to the Pybar agreement
  - more Gold news outside of Pybar agreement

In comparison, most other Companies have at least a $10m market cap attributed to them just due to being in Lithium (with most not having any hits/results - ie. 1.82% Li2O).

Looks good to me at the moment and I am looking forward to this substantially re-rating in the short term and beyond.

Happy holding (and topping-up).

Cheers,

GB.