not only that , notice no mention of resource size in tonnes for the project in the announcement. why because it doesnt have a MRE yet, just self proclaimed target of 100MT-240MT. drill results might show unders or overs but there is risk to both sides in that.
I think this is a great deal and shows amazing value placed on a exploration company without a MRE for lithium in the Pilbara region...
Ann: Binding Transaction Implementation Deed with SQM, page-59
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