Excellent management with runs on the board, ex PLS founders involved,
Low market cap ~$32M,
Cash in bank after recent raising at 6c, ~$9M,
Tambourah Li Project is in a great location, being 70km SE of Pilgangoora Li deposit (PLS),
RC drilling underway to test sub-parallel “spodumene-bearing pegmatite dykes” (the right stuff unlike others with multiple rock chips up to 3.07% Li2O) as announced on the 26th June.
If this broad first pass drilling intersects downhole mineralisation at widths, then this could be a 3-4 bagger in the short term.
With drilling having commenced last weekend, the cat could be out the bag sooner than later as “Trek looks forward to updating the market in due course on the progress of drilling”, meaning spod visuals may be on the cards. Let’s hope so … Good luck to all TKM shareholders … Bye …
……………………………………………………………………………………………….…… Sometimes the questions are complicated and the answers are simple.
“Broad spaced deep drilling will target high-grade outcropping spodumene-bearing pegmatites across numerous sub-parallel dykes”, Extract from TKM ASX release titled Maiden Drilling Program Commences at Highly Prospective Tambourah Lithium Project, dated 26th June 2023, p4.
TKM Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
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