------------------------------------------ High Voltage: Lithium offtake deals flying thick and fast as prices go up, up, up Small Cap Standouts ESSENTIAL METALS (ASX:ESS)
This emerging lithium play didn’t need news to send it up 55% for the week.
ESS’ focus is the ‘Pioneer Dome’ lithium project in WA, which contains an actual resource – more than most explorers can boast — of 11.2Mt at 1.21% lithium.
“While continuing exploration to grow our lithium resources and potentially make new discoveries, we are taking the necessary steps to transition the Dome North Resource area to a ‘development ready’ status,” ESS said in November.
“This includes an application for a Mining Lease over the Dome North Mineral Resource, a capital and operating cost study for two process plant scenarios, a flora and fauna study and a hydrology study, most of which are expected to be complete by the end of this year [2021].”
A 13-hole drilling program at Dome North is expected to be completed mid-January.
