I read somewhere that the drill rigs were due to arrive early December. Not a direct source, so possibly incorrect.
However, looking at other companies in the Apollo Bay region: PMT announced in Oct 2022 (prospectus pg 37) that they were intending to explore further the CV5 Pegamite corridor. On 14 Dec 22 they announce positive drill results. WR1 announced on 22 Oct that Drill rig mobilised. On 28 Oct WR1 report significant pegamite finding. LU7 have commenced the exploration process and have identified priority drill sites. In their Sept 4 announcement, Iggy said he would update the market on progress in coming months.
I am by no means an expert in Lithium mining processes. I accidentally fell into this stock after being an investor in MGG. However, I do like to research what I am invested in and make a judgement about when that investment will likely reach my goal SP.
If drilling does indeed commence by early December, then I expect the results (good or bad) will follow shortly after (based on PMT and WR1). So 'my' time horizon on this stock is fairly short. I have been nipping away at the dips
As always, investors should do their own research.
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