Ann: Spargoville Lithium Projects Update, page-18

A nothing announcement when you boil it down. I guess the only real purpose it serves is to sugar coat the bust that presumably HGDD001 is. Although we are not directly told anything about HGDD001, I think we can safely draw the relevant inference from the below extract in today's announcement:

"Exploration drilling for gold at the Company’s Hilditch Gold target (~1.5km south of the Lefroy area) intersected pegmatites which were sampled separately for lithium suite elements and returned encouraging results with elevated Rubidium (Rb) up to 2,130 ppm and elevated Lithium (Li) up to 440 ppm.

Further review of the intersected pegmatite in drill-core from the Hilditch Gold target revealed localised finegrained bands of albite-lepidolite, indicating the lithium-bearing mica is potentially a late metasomatic replacement. Geochemical results from the intersected pegmatite at Hilditch Gold were analysed and indicated moderate fractionation highlighting the potential for lithium enrichment along strike within these pegmatites."