Dark Horse’s overriding objective is to discover and define a large lithium rich pegmatite resource, develop mines to produce lithium ore, and ultimately a production facility in Argentina manufacturing battery grade lithium hydroxide for sale into the international battery and electronic markets. Future sales may extend into a new domestic market for lithium products as the economy in Argentina continues to transform under the market ‐ reformed current administration. To achieve its objectives, and based on the exploration results published to date and observations from this and previous field trips, Dark Horse will carry out further and systematic exploration comprising geological, geophysical and drilling techniques, and has established an Exploration Target of approximately 30 million tonnes to 60 million tonnes of lithium ore grading from approximately 0.9% LiO2 to approximately 1.5% LiO2. The Company notes that the potential quantity and grades quoted is conceptual in nature, and that there has been insufficient exploration undertaken to date to estimate a mineral resource, and that it is uncertain if further exploration will result in the estimation of a mineral resource. http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01918981
DHR Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
