Ann: Global lithium producer SQM takes 40% in Pirra Lithium, page-45

I remember clearly 3 or more presentations by DR about 18 months ago where he said “junior gold miners are out of favour, if only we had a sniff of lithium we’d be killing it haha …etc”

so what did he do - whilst bringing a gold mine into production (awkwardly), he found lithium opportunities and synergies within CAI, and proceeded to create another feather in the cap. At an extremely small cost too.

if we can get a decent drill hit or 3 at the tabba tabba shear, we could quite realistically have enough pirra equity to be debt free. Drlling will start immediately and it’s not deep drilling so could have first batch of assays in 2-3 months.

I also think this will be part of the ongoing conversations with Macquarie about finance terms. In terms of loan lvr and underlying security but also I bet Macquarie would like to take advantage somehow on the next SQM lithium prospect.