AZL 0.00% 1.5¢ arizona lithium limited

Raising funds in the current market is diabolical in my view....

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    Raising funds in the current market is diabolical in my view. Only the very best projects will be able to raise any coin at all. HWK do have enough to fund the first round drilling at Lone Pine in Q2 and maybe some early magnetic work at Western Plains. They'll need good results at Lone Pine or an early end to this virus madness to go back to the market to raise more I imagine.

    Lone Pine has bits and pieces at 18 grams per tonne and if the drill bit finds more at this grade they won't have too many problems. That's a sensational grade by Australian standards - just look at the grades exciting all the explorers in the Lachlan Fold at the moment - they're tinkering around with 5g/t and posting on hot copper all day about it.
 
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