ARI 5.56% 3.4¢ arika resources limited

Ann: Lithium Exploration and Mining Expert Appointed, page-8

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  1. 3,206 Posts.
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    Thanks mate. I've been heavily accumulating over the last two weeks so a little chuffed to see it move so quickly.

    I'm no geologist, however the area covered by PLS and AJM etc are within an area called a 'greenstone belt'. It would seem that the geology is fairly constant which would suggest that the chances of finding something significant is good. The announcement from a couple days ago confirms that they have over 450 square km of land to prospect south east of PLS's Pilgangoora. The diagrams also show some exposed pegmatites. This new guy starting up seems to be a 'gun' as well, so expecting plenty of news over the coming months.

    Add to lithium the zinc deposit worth a supposed 10B and it looks like another multi bagger to me. At about 1/20 the MC of PLS it's awfully cheap.
 
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