I wouldn’t say it’s easy as such.. we so far only have this info...

I wouldn’t say it’s easy as such.. we so far only have this info and it’s based on a tabletop review of historical drilling..

And from the data, it was pretty shallow compared to what would need to be explored to find even a snifter of an economical resource..



But we already have the tenement which is 3/5 of the way there, so it’s not like we are applying for new ground and it may not take too much effort to re-explore those areas…. and my understanding is the clause 17 is pretty much an administrative piece of work..

So a couple of other explorers including rio had a quick go at finding something, and playing devils advocate, why did they not return for the potential? There could be plenty of reasons why, phosphate wasn’t economically viable to chase at the time, there was no corporate will to go back, other projects took priority, government red tape was too time costly etc etc..

But as far as ease for finding a JV partner? In our current economic climate, where risk tolerance for investment is a little higher, you’d really need to have a strong case for finding an economic resource, and to do that, we’d need to spend our own capital on some exploration in the first instance which may be easier said than done..