Yes, mining lease application will take some time. The outlook is certainly much better with the following!
Mining Lease Application pegged, and negotiations with the Native Title holder initiated;
Regulatory process (including POW, mining proposal, botanical monitoring and project management plan) under way. When all approvals are received, the Company plans to extract a bulk sample of 1,000t of high grade pollucite for metallurgical test work; and by doing so will further test mineralisation for continuity;
A Mineral Resource Estimate, which is a component of the overall development plan, has commenced;
Concept metallurgical process test work proposals received for both pollucite (for the production of caesium formate) and lepidolite (for lithium carbonate).
PIO Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
