Adam was really positive about Yellowknife, he basically said we already know there is Lithium there because of previous work:
- 2.25km long pegmatite, has had 10 drills that found spod, remains open at depth and along strike
- Significant tonnes at surface
- Metallurgy already done and understood, mostly spodumene (with quartz and feldspars)
- low iron (globally and for the region)
- amenable to multi-stage DMS
- Yellowknife has all weather road, airport, is a mining town, has rail to send it to Canada
- Drilling hopefully in their Winter (this year)
- Have enough cash to do drilling and studies till calendar year 25
Cap raise for ASX re-compliance will be 21 mill shares at $0.30 and SH can apply for between $2000 and $5000. Will result in 84 million SOI, $25 mill MC, $6 mill cash and EV $19mill.
Trieste - 12 week programme will collect up to 1700 samples.
Touched on Scotty drilling.
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