Ann: Maiden Drilling Commences at Mustang Lithium Project, page-8

I thought all that you posted was supposed to happen with Native Title?

Anyway, getting back to the topic of this thread: Maiden Drilling Commences at Mustang Lithium Project

I'm getting excited. Li is going to be the "white gold" of commodity metals. I'm holding heaps ever since RMX pegged ground near MHC's New Bendigo tenements. Unfortunately, shortly after I got in, Gold went into a bear market and junior explorers like RMX have been having a tough time over the last two years. I recently read this analysis that the super cycle in lithium is resuming.

"Spot lithium (in China) registered a meaningful bounce in the last 4 weeks. This is promising, and makes the point we have been making for a while: the drop in China’s lithium price qualifies as a back-test. What we mean by that is that the price of lithium in China fell back to the point where the accelerated (exponential) move started in 2021."



LIT ETF has been bouncing, for some 9 months now, between 57 and 75 points. The really good news is that it registered a higher low, so far at least. We believe that the worst is over for the lithium space, new positions can be initiated.

Full article here:
https://investinghaven.com/lithium-investing/lithium-the-mega-bull-market-is-resuming/


All this is bullish for RMX now that drilling has started at the Mustang Project in Nevada. I really like these two points in the announcement:
• Mining Friendly – Nevada was ranked the top jurisdiction for mining according to the Fraser Institute
2020 annual survey.
• Geological Setting – Nevada hosts the world’s largest known lithium deposits

If the drilling results announced are good and the Li market is seen to resuming it's bull run, then I expect to to see a rapid sp increase in RMX at the eoy 2023.

Glta