Ann: Dome North lithium drill programme to commence, page-189

"Confidence breeds confidence"

- so true

How many punters getting on board now at 30c when they had several months to get in cheaper and set themselves. Its the confidence in the Stock and the spodumene Resource we have that the world is crying out for that allows investors fee comfortable to buy. Probably more so seeing the SP moving in the right direction and fast, along with the fact we are way below peer valuation for a similar sized resource.


Don't forget our Studies - an announcement related to these studies below should be due.

ESS is getting developement ready

Environmental - Flora and Fauna studies - should have been completed
Hydrological - To understand where to get water - should have been completed
Engineering - Capital and Operating Cost Models for two processing plant scenarios - How much money you will need to build our own plant - and how much will it take to operate? - should have been completed
Mining Application - Completed 6 to 12 months
Good relations with Native title - mining agreement already in place


Don't forget the Drilling

Currently Diamond drilling upper resource of Cade and Davy for Bulk density and Metallurgy test work to move the Inferred (resource) to Indicated resource. Recent RC drilling has shown mineralization is from SURFACE!

We currently have 5.5 million Tons of Indicated resource category - After this near surface Drilling we could have 7-8 million tons of Indicated Resource! ... and once Feasibility Studies confirms this is an Economic Project,
This 7-8 million tones of Indicated resource CAN be moved to RESERVE!!!!!
CXO went mining on a 7.4 million ton (Proved and Probable) RESERVE!!


On another note, US indexes rebound overnight
US Lithium stocks up big. ALB, SQM both up > 5%. Others by 10% and more.

There may be a little FOMO today.

Its pretty exciting stuff to see ESS be a little more loved.
It feels a little like you go out fishing and no bites all afternoon for many afternoons, then all of a sudden your out fishing start biting and all hell breaks loose and before you know if you have bagged out.

Good luck today - hope we all have a great day out on the ESS boat and 'bag' out!