we are beyond exploration phase really, the key here is more the increase in reserve tonnes, not necessarily resource tonnes.
Increasing the reserve tonnes will unlock more value to our upcoming DFS as the DFS can only use tonnes in its LOM plan from an indicated and measured caterogy (the 2 categories where a reserve (economically viable resource) can be drawn from)..
So im not expecting a big jump in overall resource as most of the drilling was infill… but if we can get a big jump in reserve, that will be fantastic from my perspective…
MLL breaking out still, and by all its peers, just on its lithium, we still have a sooo much to go…
DFS should be a few weeks away id say now… end of July as a guess.
Itl take 2 years to build a mine, and by then the Li price will be higher due to exponential uptake…. We are going to be DFS ready very very soon….so really, someone will need to make a move on the lithium within 6 months so we can feed their operations….
Oh and we have something brewing in the gold….
We have been been punished and through some pain, but that overshoot to the downside creates undervalue…. We are still well in this zone….
MLL is heating up again…
And its exciting stuff…
Boy
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