Hooly Dooly, great announcement IMHO. Yes and not far from Mt. Marion undergoing mine construction with typically same type of minerals, and also Lithium Australia, am yet to look at % but with micas, there is L-max held by PLP/Lepidico to treat these minerals. Transcript from MXR announcement is
Quote
Unquote
- The Spargoville Lithium Project lies on the northern portion of the Southern Yilgarn Tantalum-Tin- Lithium Province, in the vicinity of two major Lithium Projects; Mt Marion (Neometals), and Lepidolite Hill (Lithium Australia) (see Figure 1). Neometals recently reported the Mt Marion total Indicated and Inferred Mineral Resources at 23.24Mt @ 1.39% Li20 (NMT ASX release 29/01/2016) and is currently undergoing mine construction, with commissioning due mid-year. The Mt Marion project is situated approximately 20km north of the Company’s Lefroy and Landor Lithium prospects.
Do hold a few including the non ASX listed options, which at $0.006c strike price may eventually/soon be able to convert. Consider that as the total amount of shares on issue is very large there will be a consolidation somewhere in the future, and as usual
Time will Tell. Always does
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Ann: Maximus discovers High Grade Lithium deposit in WA-MXR.AX, page-10
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