IND 2.63% 18.5¢ industrial minerals ltd

Ann: Option to Acquire Pippingarra Lithium Project, Pilbara WA, page-183

  1. 1 Posts.
    Jumped into this for the silicon play early so not sure how lithium is meant to play out

    What's everyone's thoughts on steps and timeframe for this
    1 - historical drills - are these available and would first step be to get assayed? assume this would be fastest option if available to get things going.
    2 - new drilling campaign and subsequent testing - how long would this normally take? Assume securing/mobalising drill rig to be main driver of timeframe
    3 - determine economic viability from results? Assuming positive results would w need a CR to get any meaningful mining up and running or would the options cash (when exercised) be enough?

    Any thoughts on the above would be appreciated
    GLTA
 
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