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that's old. From the follow up announcement: At the time of...

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eddieaus

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31/08/16

13:55

Post #: 18824739
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Originally posted by onthebutton ↑

The agreement was signed on 19 May though.

19 May 2016 ASX: GBX GB Energy Signs Option to Acquire Large-Scale Lithium Clay Project Highlights:  120 day option signed for the right to acquire, by farm-in, 70% of the largescale Bitterwasser lithium clay project in Namibia  Lithium clays are an exciting new frontier in lithium - unlike the majority of hard rock lithium opportunities, Bitterwasser potentially provides real scale, given the 58km2 areal extent of the salt pans  Previous drilling has identified the presence of elevated lithium and potassium in clays  Bitterwasser salt lake system also to be assessed for lithium brine potential  Sediment sampling to validate existing data a will commence immediately GB Energy Ltd (ASX: GBX or the Company) is pleased to announce it has entered into an Option Agreement which, if exercised and subject to regulatory approvals, provides a right to farm-in to a 70% interest in the Bitterwasser Lithium Clay Project (Bitterwasser Project) in Namibia. The Option Agreement entitles the Company to an exclusive 120 day option period in which to conduct due diligence on the Project. Due diligence, including preliminary sampling, will commence immediately

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that's old. From the follow up announcement:

At the time of signing, the Bitterwasser Option expired on 14 July 2016. GB Energy is pleased to report that the Bitterwasser Option has been extended for the full term of the 120 day due diligence period.

GBX Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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that's old. From the follow up announcement: At the time of...

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