Fully diluted SOI ~159m. Cash $14.2m.
Very tight capital structure though with strong long term backers. Management has a history of success.
Very brownfields opportunity and progressing very rapidly to commercialisation as demonstrated in the prospectus and investor presentation. They ain't waiting around because they do want to catch that Lithium train.
The Lithium grades are much higher than Clayton Valleys silver peak mine at ~390ppm.
There are structural faults in the geography and if they determine the Hector project area is a closed basin watch out. Pilot plant is up and running and permitted.
Ann: Confirmatory drilling program to commence, page-4
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