Cygnus the front runner in the Malibu Cup, page-106

My take on this week is that, with current lithium sentiment, it no longer impresses the market to announce pegmatites and boulders from field work; they need to be extraordinary to really get the market excited. And if you don’t have any in the ann, the market is completely happy to dump you after the first date. Thanks but no thanks.

C1X - released an ann with a Spod bearing Pegmatite outcrop at Corvette Far East, with a helicopter over half of it. A slight SP rise and then back to support level. As a holder (declaring here) there was anticipation of another ann about what they found at La Salle (flanked on both ends by Brunswick’s Mirage project). Holders there are waiting.
CAZ ann they will get onsite at Sundowner in Mid September. I note that with the recently acquired new tenements, CAZ now has over 260km2 of tenements, which puts it as one of the larger landholders. Their ann included 200+ untested pegmatites, so will see if any are mineralised.
MEG announced pegmatites and Boulders at Cyclone on Monday. Like CAZ, they have many pegmatites and boulders but no K/Rb ratios or spod crystals were provided. Only 3% of the area has been explored so far, so plenty of area to still explore. TBNT was the reaction.
Sum ann pegmatite targets.
OM1 released results of their field work and the market yet again didn’t like the results. TBNT was the reaction.
RB6 progressed with their Ceiling project option and confirmed acquisition.
CY5 announced some mis-steps in trading and conversion of performance shares during a black out period that was picked up on twitter. At least it was good to see Kevin bought on market. Now he, like many SH, is down on his investment. CY5 has been getting some unwanted attention on twitter over the MRE and now this, so a bit of pressure on the team.
LU7 has begun field work at Apollo, making special note of their tremendous effort to begin field work so quickly after only listing on 14 August. I must agree. Although everything has fallen into place for them timing wise and not to take away from their achievement, but it’s a bit hard for others to match when the place is on fire. They are certainly hitting the project hard, both with exploration and marketing - even releasing a youtube video to talk us through their ASX ann. Good for the fintwit to easily re-tweet. Another letter to the shareholders on Friday from Iggy re-iterating their intention to build a downstream processing hub along the Trans Tagia and using other Juniors to feed their ROM. I wonder how many they have already approached about this and what their response has been. Interesting to me that they are choosing Carbonate instead of Hydroxide. Iggy also took the opportunity to present a Lithium strong team at LU7, and their credentials are impressive. There is some counter balance information being tweeted about some of their board that is not being included in their announcements. So there is some baggage there to carry.

As an aside to the ASX horses, WR1 announced more assays and is building a case for finding a world class lithium deposit. Ophir is now back on site at Radis alongside Q2 at Mia and so the West may see some excitement as the rock chips are followed up on. Additionally Brunswick announced they will start drilling their Mirage targets, after also announcing additional spod boulders/outcrops to the NE and SW of their current trend (further suggesting additional sources exist further to the west). In total, lithium mineralization on the Mirage project has been observed over a total distance of 8.7 kilometres; we may be witnessing the emergence of another big project here.

n.b. sorry if I miss anything and as always DYOR.