Ann: Multiple lithium targets defined at Lefroy, page-9

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Seth Davis

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10/01/24

18:55

Post #: 71819084
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Originally posted by retrac: ↑

KM1 Kali Metals now has an MC of about $110 Mill while MXR sits on $11 Mill MC. Compare the pair.....MXR is way undervalued. One day the market will wake up. MIN maybe backing the wrong horse!!

This statement by Tim sums things up well "These initial results from the first phase of the project-wide soil sampling campaign have defined a significant anomalous lithium trend over 5km in length, allowing us to set high-priority drill targets at the Lefroy Lithium project. The presence of a large 3km x 1.5km lithium-in-soil anomaly, extending from the recent discovery of spodumene- bearing pegmatites, provides more encouraging signs that the lithium-in-soil anomalies may be associated with a very large mineralised system"

Drilling will kick off again in the not too distant future, I think they are waiting for final approvals from the FIRB.

As stated this is just phase one soil sampling, two more phases to go and there are already some great targets generated.

I am tipping that 2024 will be a big year for MXR.

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LOL mate, those mapped pegs run straight into MXR ground!

MXR Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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Ann: Multiple lithium targets defined at Lefroy, page-9

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