Completion of Kamola Lithium Project Due Diligence and Positive...

Completion of Kamola Lithium Project Due Diligence and Positive Assay Results Received
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Successful technical and legal due diligence completed on the Kamola Lithium Project
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Assay results of up to 1.43% Li 2O from samples taken on the weathered outcrops of the pegmatite on the Kamola Lithium Project
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Based on assay results of adjacent projects, it can be concluded that fresh non weathered samples from drilling should return significantly higher lithium grades (to be tested as part of the next stage drilling program)
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Permits lie within the same geological and structural settings as the AVZ Minerals Limited’s Manono project
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Due diligence identified five major pegmatite bodies within the license areas with 2 tested and confirmed to be lithium bearing
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Parties to now fast-track formation of JV company and then obtain approvals for lithium exploration and development activities
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Proposed JV (HIPO 60%, Crown 40%) will include Mining License PE 13081 and Exploration Licenses PR 4072 and PR 4076 covering an area of approximately 400 km2 and containing extensive lithium bearing pegmatites
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Planned exploration activities of the Kamola Lithium Project will focus on the areas where the Lithium bearing pegmatites are identified and exposed
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The Kamola Lithium Joint Venture positions HIPO as potentially a key player in the World Class Manono Lithium region

Worth a punt at this price, IMHO