Ann: Drilling Update at the Burmeister Lithium Discovery, page-93

There is a 5km x 2km lithium anomaly - and they drilled the first holes blind (no outcropping pegmatites to go by) and hit a consistent high grade mineralised peg, and confirmed a stacked system + flat lying pegs. All very positive notes.

With these upcoming results they drilled some holes much further away, so if they hit mineralisation out further, then it confirms that this is potentially a large discovery - and that alone should cause a significant re-rate

We'll also find out if there is another peg below (first drilling confirmed 2 stacked pegs - but could there be more?). Do the pegs thicken or thin? Do they have or lack continuity etc

After all this, there's still Jaegermeister which will be drilled in phase 3

So far the early results are positive and exciting - but with any explorer there are risks. The risk vs reward is very attractive imo