Something else to ponder. They announced some tine ago they found Zinnwaldite (a type of composite lithium mica crystals) around Taronga and then Asbolane around Mt Cobalt.
In case people didn’t know typical occurrences of Zinnwaldite are 3.72% Li2O and Osbolane 1% Co
So what we don’t know is how much of the stuff they have. However if they drill it and find a good quantity then it’s christmas come early.
As a comparison. Kidman ($2.11) has 1.4% Li2O. AVZ has 1.66% Li2O and BGS ($0.80) has 1.86% Li2O
Cobalt is economical at 0.1%
Imagine those numbers at high quantity at Taronga and Mt Cobalt.
ANW featured as a COBALT stock in the ASX by Small Caps, page-173
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