From the LPD quarterly, it looks like we're expecting news. "PEG 9, Pioneer Dome, Norseman, Western Australia An RC drilling program was implemented in early April 2018 at the PEG 9 prospect. The program of 13 holes for a total of 750 m of drilling targeted a 200 m long multi-element (including Li, Rb and Cs) soil anomaly associated with a sub-cropping lepidolite-bearing pegmatite. Drilling intersected a lepidolite-bearing pegmatite averaging approximately 5 m in thickness, as well as a series of thinner, sub-parallel quartz-feldspar pegmatites. Assay results are expected in early May. PEG 9 occurs within a cluster of 13 pegmatites defined by Pioneer Resources along a 20km trend flanking the eastern edge of the Pioneer Dome, an Archaean granite intrusive within the Norseman- Wiluna greenstone belt. The PEG 9 farm-in area covers approximately 2.5km of strike along this trend. Rock chip sampling by Pioneer Resources returned up to 3.94% Li2O from lepidolite-rich pegmatite and up to 3.84% Li2O from a micaceous pegmatite. A grab sample from PEG 9 grading 1.25% Li2O was evaluated by Lepidico for the Phase 1 Plant PFS to determine its amenability to the L-Max® process, with high specification battery grade lithium carbonate of 99.7% purity produced."
PIO Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
