Well - I was expecting this to be good because every drill program to date has returned positive results - but I didn't expect they would tripletheir resource.
It's all easily accessible, and close to their current processing plant, but it's now time for them to work out "what next" - because their current plant was really just a pilot project, and now they have the resource to do something at major scale - but that will require a big investment.
I assume that's what they are talking about when they say "Given the quantum of the mineralization discovered, the Company is reviewing its project development strategy, as part of ongoing feasibility studies, to potentially incorporate the processing of hard rock mineralization best suited to possible future supply into the lithium battery anode market."
So - a long way to go before we see a major project - but their chances of attracting a partner to make that happen (or getting bought out by one) now look a whole lot better. Even more drilling ahead, because there is clearly more graphite there. This resource will just keep growing, and it's already pretty big....
Then we also have the San Jorge Lithium project. Exploration results from that later this year...
Cheers
Dave
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Well - I was expecting this to be good because every drill...
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