Ann: High Grade Lithium Assays of up to 3.07% Li2O at Tambourah, page-72

Nailed it @Pokerface. If they turn up a decent sized lithium resource, and price stays up, it'd make sense to hold, in my opinion.

For anyone that hasn't found it on Google Earth yet, The Tambourah lithium prospect can be found at the following co-ordinates:

21^O39’39.03” S, 119^O09’26.13” E

Many of the pegmatites (white and pink lines) are 10 to 25 metres wide, and in some cases, wider. All we need is depth, and of course, grade. Here's the Google Earth image:




I'd suggest that lithium is the cake and the manganese might be the sprinkles on top. It'll depend on the size of the manganese deposit as to whether this becomes the cake.






Manganese is an established market and currently 90% of the ore is sold into steel mills as an alloying agent. The current market price for the ore is about USD30 per tonne. Demand from batteries could increase demand, but that could mean that existing mines simply ramp up over time to meet demand - i.e. the price rises mightn't be as spectacular as lithium which was developed from near zero, in my opinion. Manganese is a good product to have in the company's portfolio, but I don't know if it'll have the same impact on the bottom line, unless it's a large deposit.



All above are my opinions only.

GLTAH