RR1 7.69% 1.4¢ reach resources limited

Ann: Corporate Presentation, page-8

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  1. 10,638 Posts.
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    Its a good presentation - info about many scarce and critical metals which will be vital in years ahead.

    RR1 could just sit on these tenements and wait for the inevitable 'knock on the door' - hope they don't.

    I have always been surprised Red Dirt did not grab the lithium ground next to their Yinneharra project ! I don't have any doubt they would be aware of it, and the proximity to the granite suite which gives rise to the fertile pegmatites.
    Anyway IMO it is a huge feather in RR1's deal maker's cap.

    And looking to the future those two Li projects together could lead to a mighty big off-take deal.

    There will of course, be Na ion and Potassium ion batteries - but my call is that Li ion will prevail even though Li is less abundant and will always be more expensive. That's because Li will make the better batteries as development continues, and also because only 1% of battery weight is Li.
 
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