This lithium-kaolin-copper explorer is currently in the running for ‘2021’s Most Confusing ASX Announcement’ award after striking a pretty nondescript deal with heavyweight lithium producer Ganfeng to run a brine pipeline through PNN’s ‘Santa Ines’ copper gold project in Argentina.
In September, PNN jumped after announcing that blended brines from its ‘Rincon’ and ‘Incahuasi’ salares in Argentina creates a lithium concentration of 8,500 mg/kg — a level 14 times that of Incahuasi brine and seven times that of Rincon brine.
PNN is planning a PFS for both projects.
The explorer is also prepping a drilling program at its kaolin assets in South Australia.
The $30m market cap stock is up 65% over the past month, and 80% year-to-date. It had $2.5m in the bank at the end of September.
$1 xmas party, page-44
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