I believe they are already working on acquiring the slipstream tenements, and have mentioned planned Q1 acquisitions when they raised capital recently.
Other posters have shared more info that this coincides with when the slipstream tenements appear to becoming available via the dissolution of the previous company who owns them
Add this to the ongoing statements about 12km and 26km corridor - which lets be honest are very leading and they would not be making unintentionally.
Given what they have at Colina, Fogs and now Planalto it seems very unlikely there is no Lithium in the Slipstream tenements. They also appear to have done reconnaissance drilling so won't buy unless its there.
It's looking like we can get to 100mt with the land we already have, and the rest is upside from there. With drilling ramping up even further and offtakes ongoing, and finally the bottom looks to be on Li prices, it will be really exciting times ahead over the next 6-8 months. It seems of all the Li players on the ASX we are best placed with LRS.
Ann: LRS Salinas MRE update presentation, page-6
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $560.2M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $7.396M | 37.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 155000 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 6311996 | 51 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |