Ann: Neometals Discovers Spodumene-bearing Pegmatite at Spargos, page-3

I'm sorry what?????

We are going back to exploration now to capture the pump on lithium?


Hand up if you are confused?

Maybe this has been a backup plan for a while for funding and it was known about but not spoken about but this is really out of left field, or have I missed something? Don't get me wrong if someone kicked their toe on a pegmatite that just happened to be a 100m+ 1.5% grade or above resource i'd be stoked especially at the price we are sitting aat now but i do find it a very strange shift from core mission





Reading further i think i might be right.

Neometals Managing Director Chris Reed said:
“We are excited by this discovery, the presence of fertile, spodumene-bearing pegmatites in diamond core
from historic nickel exploration is serendipitous. The geological model is reminiscent of our former Mt Marion
project and analogous to significant deposits further north up the Mt Ida Fault. It is important to note that
there has been no historic or recent drilling for lithium.
Whilst Neometals core focus remains the commercialisation of our downstream battery materials
technologies, our senior executives have the capacity and expertise to maximise value from what could be
an exceptional upstream lithium opportunity.”