Ann: L-Max Pilot Plant Development Commenced, page-31

It's possible that it's GXY, but it doesn't seem likely to me. They very publicly took a 12% stake in the company and tipped in another $1m in the latest CR. There have been multiple public mentions of LPD completing testwork on Mt Cattlin's tailings.

It's possible they have now signed a confidentiality agreement, but you'd think that ship sailed awhile ago. It is well and truly public knowledge that work is being done in that direction.

More likely is another party that has some micas.

Question is, why do they want the testing to be confidential? Do they already have an agreement to sell their lepidolite to someone else. Do they not want word to get around that they have a lot of mica, which is a problem for spodumene mines.

It's going to be interesting finding out....