When IR1 was at $2 the lithium price was x3 times higher. So lithium was still in vogue.
The drill results were coming through. Slower but continues. This year IRIS has announced 3x assays in 8 months. No mention of MRE at anytime.
The crucial stacked pegmatites theory failed with the 90m pegmatite assays only 3m mineralised.
The promise was high a year ago. Lithium price has capitulated, the hopes of IRIS having an economic 50MT resource at Beecher were destroyed by the failed stacked pegs.
Management who seem to be on a holiday .. A LOT has changed in the last 12 months. A lot of realities have set in.
Ann: 2024 Annual General Meeting and Related Material, page-24
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