OM1 0.00% 7.8¢ omnia metals group ltd

Ann: Field Work Commences - Lac des Montagnes Lithium Project, page-196

  1. 4,368 Posts.
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    Yes indeedy. Graab and Lemare are a thing.

    Random bit of info: it seems back when Quebec was having its first wave of foreign lithium prospectors, long before the lithium price crash that started in 2019, in addition to the various Chinese players who were moving into Quebec there was one Lepidico Limited (ASX:LPD) which had dealings with Critical Elements regarding the Lemare property. Lepidco actually drilled some holes into Lemare in 2017 but perversely they were looking for lithium mica, not pure lithium, and by mid 2018 they had lost interest in Lemare. It is likely that some of the assay results Critical Elements refer to for Lemare are from Lepidico's campaign way back then though I don't know if what Lepidico poked around at and Graab are linked in any way. Funnily enough Critical Elements' Rose development project, which is to the north west of Lemare, is remarkable for how pure its ore is (as in it has unusually low iron and mica levels) and by the sounds of it Lemare ore is similarly clear of mica. (see page 5 of the Q4FY18 quarterly). I used to follow Lepidico for a while but they seem to keep lucking out.

    I am attempting to get more familiar with Critical Elements as not only do they have one of only two permitted lithium development projects in Quebec (the other being Whabouchi which is to the west of Lemare and Lac des Montagnes properties) but with their Lemare property they are adjacent to Omnia's Lac des Montagnes. One thing about CE that stands out to me is how "lazy" they seem with exploring their holdings. For instance that assay hit that LStone pointed out came from a campaign of less than 6.000 metres. By contrast this year Sayona is intending to do 50,000 metres of drilling around their NAL project in southern Quebec and another 60,000 metres at their Moblan prospect (which is to the south of Omnia's property).

    I suppose it is better than nothing that Critical Elements has given Omnia a sighter with their small scale drilling campaign at Lemare but I'm sure Omnia would much prefer a neighbour like Sayona which tends to drill the hell out of anything they own as against their actual neighbour in CE which seems to passively sit on prospective ground for years.

    PS: hey malibu_tan, I am happy tending the Malibu Cup spreadsheet and posting updates every month as well as when any major move happens. But if you want to post updates of the table more often than that by all means go for it. And thanks for all your contributions about what is happening in Quebec, you are very good at what you do and very generous in how you share.
 
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