Most ASX junior miners do announce bad results, it’s not required to do so. It’s probably likely that the drill results of Boca Rica are not good but I would not discount the area on one drill result however with Lithium prices crashing, its probably wise for OZM to turn its attention now to Niobium and that’s what they are doing, if you read there last update 3 weeks ago. Maybe it’s best to return to their Lithium areas when prices recover. Boca Rica has extensive LCT pegmatite swarms in its areas and Spodumene crystals up to 1m have been identified, all the right indicators for a major Lithium discovery maybe not now but later.
OZM Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
