With 6 Drill rigs & end of Feb completion date of current drill campaign, that does smell of some very eager beavers wanting in quick fast!!!
All interested parties know theres pure quality and quite alot of it.....currently 26 year mine life at 4Mtpa once proven up, then theres the up coming drill holes we don't even know about which in agreeance with others seems to be focusing on the NW & NE extensions , especially the NW where theres some thick high grade intercepts at 3.1% and then all the back log of drill assays from prior Xmas and let's not forget the wide mouth frog feeder zone....who knows where that ends or should we say starts!
The next drill results could prove up some of the highest grades and biggest intercepts yet.
Maybe that is the reason for the delay in results,
the lab cannot cope with the magnitude of great news awaiting us.
Won't be long till we find out how big this will be.
From what has been researched and information presented and anticipated, the MRE and Metallurgy report could push LTR up a couple of notches on the Whose got the Biggest Deposit scale.
Dont forget, LTR have only drilled the top part of this tenement only!
As @anatol has mentioned LTR are focused to prove up this area and lock in JV interest and Offtake agreements now and leave the rest of the tenement for the JV partners....maybe more than one???
Imagine a 3 way JV incorporating LTR the miner, A Battery manufacturer and an EV maker?
Or LTR, a Hydroxide refiner and a Battery Manufacturer??
Either scenario...Ka Ching Ka Ching $$$
The prospect of a three way JV as in Neometals and Mount Marion Mine is quite a possibility and would bring in alot more money for funding and ensuring it happens and quickly.
Also theres another 1/3 - 3/4s of the tenement unexplored which could add who knows???!!!
As we all know Managment have so much skin in the game and would only be looking at Maximising Shareholder Interests...themselves and us holders, end game is not some quick let's sell it while we can scheme.
Once KV is potentially proved up at 150-200Mt @ 1.4-1.5 % LTR will be worth 1 Billion plus....and that is just KV.
Then there is Buldania....a whole new kettle of fish or should I say a pod of Blue Whales!!
Then theres the Killaloe and Norcott tenements....
Hmm, wonder what's lurking down there?
Rinse and Repeat!
LTR has more up its sleeve for many many years ahead!!
What's their motto?
"A FUTURE AUSTRALIAN LITHIUM PRODUCER"
Currently Developing Two Hard Rock Lithium Deposits In Western Australia.
Not stuck between a rock and a hard place in eastern angolia!!!!
Bring on the Updates!!!
Don't get caught up in the shakedown shenanigans and overwhelmed by the Noise
Sorry for the repost, but wanted to bring things back into perspective and remind us all what LTR really is about and possibility of future potential.
Hold on tight!
Got a tingle in m'jingles!!!
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