Interesting to see the neighbour at RDT release initial results...

Interesting to see the neighbour at RDT release initial results last week

Fantastic result from the first assay returned intersecting the M1 pegmatite:
YNRD005, 55.6 metres at 1.12% Li2O from 94.0 metres including;
o 15.0 metres at 1.52% Li2O from 95.0 metres,
o 15.0 metres at 1.36% Li2O from 118.8 metres and
o 12.4 metres at 1.22% Li2O from 137.2 metres
• Results for multiple lithium mineralised pegmatite intercepts expected to be
returned over coming months
• The current drill program includes more than 400 holes for approximately 90,000
metres

Their announcements states they completed 16 holes in 2022 with assays pending so the above hole is the first of this batch. I believe TNRD004 will be next which has "visual Spodumene" so will be one to watch. Roughly measuring this appears to be around 6km from the ZEU tenement and on trend of the LCT target zone.

Since doing their 16 holes in 2022 RDT have committed to another 90,000m with 2 rigs on site and another due Q1, in addition to this they have pegged significant amount of ground in the surrounding areas so they clearly liked what they saw within the cores to justify the money spent of 3 drill rigs and also securing the surrounding land packages.

In many ways ZEU doesnt need to drill anything to experience a substantial re rate from the rights issue price. The price will drift back to 1c which implies a mcap of $4.3m with over $2mil cash so an EV of 2mil, if RDT continue to release results like the above over the coming months and have 3 rigs running with a continual flow of core images and it all flows towards ZEU then they wont be a $4mil mcap for very long.

Its been a long journey for shareholders but the rights issue price presents an opportunity buy shares an an extremely low price and RDT can do alot of the heavy lifting for the coming months.

ZEU will still have very low SOI which will also enable projects to be vend in over time to add more strings to the bow.

ZEU will be one to watch in 2023 but at 1c and a 4m mcap there is little downside and alot of upside in my opinion