Ann: Company Presentation - New World Metals Conference, page-5

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12/09/24

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Post #: 75645195
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Originally posted by LigOreo: ↑

Had a good chat with Aidan today and some of the talking points from:

Medcalf and Medcalf West have the potential to become one big system. They will continue to target exploration on that NE - SW trend.

They still have around $1.5M of RTX’s monies to spend on exploration and needs to be spent within the next 4months so plenty of drilling to come and soon. This includes RC drilling at Gordon South for Niobium. Final environmental permits are underway. Not going to muck about with AC, RC drilling instead to get to the source of what may be a carbonatite system.

Market hasn’t considered any likelihood that RTX will move forward with the binding agreement with up to $43.7M spend yet a decision to do so will be made by January or possibly sooner. I see this as a big share price driver alongside further drilling success and improving Lithium sentiment. Aidan addressed the recent suspension of Lithium mining in China at the opening of the presentation.

As for CXO well that famous line from the movie The Castle came up a few times. Now we have 2 big players on the register so let them fight it out going forward. Importantly those weak hands of LIT are no longer a factor.

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yes I also heard that they are interested in drilling the NB too. so it will be fund by them hence cash position is still strong even after $500k spending

CHR Price at posting: 8.6¢ Sentiment: None Disclosure: Not Held
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