FYI:
http://www.riotinto.com/energyandminerals/jadar-4643.aspx
Rio Tinto Borates' Jadar project in Serbia is a significant, world-class lithium-borate resource. We are investing in technical, economic, and social and environmental studies to prepare for responsible development. D
ue to its high lithium and boron concentrations – and an assessed geological resource of more than 200 million tonnes - Jadar has been ranked as one of the largest lithium deposits in the world. If developed, it has the potential to supply more than 10% of global demand for lithium.
http://www.jadarlithium.com.au/Prospectus Replacement SXI FINAL (incl Application form).pdf
3.6 Planned Exploration A two-year staged exploration program, managed and operated by Serbian geologists under the supervision of a proposed in-country manager to be retained postAcquisition, is proposed for the Serbian Lithium Projects. The first year of exploration on the Serbian Lithium Projects is planned to include regional geological mapping, outcrop and soil sampling over each exploration area. Exploratory trenches are anticipated to be dug and auger drilling on appropriate grid spacings is planned to be carried out in the soils surrounding target areas to test outcrops at key locations identified during the first mapping and sampling phase. Appropriate petrographic investigations and laboratory assays will be undertaken on selected samples. The first year’s mapping and sampling will be continued into the second year focusing on the most prospective areas and will likely include appropriate geophysical surveys, initially ground magnetics, which, if successful, will be followed up by exploration diamond drilling. The actual quantity of drilling required will depend on the success of the exploration effort in the previous year. Investors are reminded that the Serbian Lithium Projects are “greenfields” exploration project areas covering regions that are considered prospective for lithium and other pegmatite hosted minerals. There has been no recent geological exploration for these minerals by any public companies in Serbia with only regional scale geology mapping carried out to date. Other than small scale ancient mining, the Company is not aware of any records of any substantial or economically viable mining of pegmatites or greisens or of Jadarite deposits on the ground comprising the Serbian Lithium Projects or in Serbia generally. For further details on risks see Section 4.
View attachment 906062
The Cer Project is centred 80km west of the capital Belgrade and approximately 10km north of the world-class Rio Tinto Jadar Lithium-Borate Deposit. It is well serviced by roads and is supported by several small townsites / villages surrounding the project. It is located within the Macva administrative district centred on Mount Cer in western Serbia.
Summary: Only the "Cer Project" has a huge potential. It is only 10km away from Rio Tintos Deposit.
It can be assumed that the JDR deposit is similarly. In addition: good infrastructure (OPEX and CAPEX should be very good). It is only a few hours away from Germany and Poland.
Only the work for 2018 could be a 3-4 bagger.
I assume the results are positive, drilling in 2019 = Disallowed
One of a few (2-3) Lithium stocks with such a hugh potential.
Cheers
K.
(20min delay)