Ann: Lithium drilling commences at Faraday, page-12

Backlog. 10-14 weeks is the current estimate. Extremely doubtful assays are returned prior to Christmas.

If their projections for these pegmatites are correct, there is the potential for up to:

• 70m in FD-003
• 17m in FD-004
• 44m in FD-005
• 9m in FD-006

Numerous high-grade spodumene samples across 100m of surface strike. The region has strong geochemical similarities to Mt Marion, Bald Hill and Pioneer Dome.


The largest concern here is the tenement boundary to M15/103 to the south is held by Mincor. Not sure what the relationship is there but a lithium farm-in would be a good step if drills prove successful.