Ann: Huayou Cobalt to make Strategic Investment in Askari Metals, page-152

Hey @westy9 cheers for the reply

You sound like you've done a lot of research and you know your stuff. I dont have any geological or scientific reasoning behind my gut feeling, but its mainly related to this:

Australia has some of the biggest, high grade hard-rock deposits in the world, it also has some of the worst dusters I've ever seen

That sentence is spot on. That's why nearology plays exist in the sense of 'we could be the next XXX' - whether that eventuates or not is a different story. In this case though, there are zero good lithium deposits in Namibia. That's why i feel like its not very encouraging the fact that every lithium project in Namibia to date is the dusty type.

Uis Lithium Project is located less than 2.5km from the operating Uis Mine - I also don't like this because the company is trying to say 'look we could be the next Uis Mine' but that mine is not worth being/replicating - if that makes sense

Ofcourse this could all change with AS2's project being the first great discovery in Namibia. You make some very interesting points about the geology and you might be onto something here. I wish all holders the best of luck - i was just stating my thoughts/opinion

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Today PSC has released their new drill results for your reference https://hotcopper.com.au/threads/ann-new-lithium-discovery-at-omaruru.7303579/

Best results returned from Phase 1 drilling include:
• 6m @ 1.30% Li2O from 13m within 14m @ 0.79% Li2O from 13m (OMR018)
• 8m @ 0.99% Li2O from 6m (OMR010)
• 11m @ 0.95% Li2O from 51m (OMR004)
• 7m @ 0.90% Li2O from 17m and 8m @ 0.60% Li2O from 28m (OMR022)

Significant intersections returned from the recent Phase 1 drilling at Karlsbrunn include:
• 8m @ 0.99% Li2O from 6m (OMR010)
• 11m @ 0.95% Li2O from 51m (OMR004)
• 10m @ 0.88% Li2O from 35m (OMR006)
• 10m @ 0.82% Li2O from 15m (OMR007)
• 11m @ 0.80% Li2O from 35m (OMR003)