Drilling is expensive, JZ has done JUST ENOUGH to get a viable set of results suitable for a JORC to report an adequate resource size.
In my book "adequate" equates to supporting 15k tonnes per annum for mine life of 16 years (with a safety margin provided by refresh).
He always has the option of allocating more funds to finding the bottom of the resource and upgrading the resource size further.
He will do this after funds are flowing in.
He will also buy more land.
Slow and steady company building.
IMO
DYOR
Ann: Argosy Upgrades Rincon Lithium Project JORC Resource, page-55
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