Further work:
• Field reconnaissance, mapping, and sampling of pegmatite outcrop
• Soil sampling using a portable XRF with laboratory analysis completed on highly anomalous samples.
• RCC drilling to test anomalies confirmed by above soil sampling.
• Further data analysis to define the geometry, mineralogical zonation, and economic potential.
Given the expiry date of the option, I would expect the follow up activities to be undertaken pretty sharpish and form the basis of the next market announcement.
An extension of the option agreement may also be prudent.
It is still very early days.
Ann: PROSPECTIVE LCT CORRIDOR IDENTIFIED AT RED PANDA Li PROJECT, page-18
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