this is a solid announcement, that gives some background to...

this is a solid announcement, that gives some background to petalite compared with spodumene.

good to see the company addressing concerns of shareholders.

tick.

found this bit is an important bit of forward strategy.

"Petalite can also be sold as a premium concentrate to the glass-ceramic industry in Europe, potentially providing a ready source of income while construction and commissioning of downstream, hydrometallurgical facilities are in progress"

As we are going to build a value add hydroxide plant -

(Lithium hydroxide, spot, 56.5-57.5%, drum/bag, del China 21,000 - 24,000
Lithium hydroxide, quarterly, 56.5-57.5%, drum/bag, del Europe 15,000 - 20,000)

having cash flow inflows from a secondary market is a big plus for the capital dilution protection.

Other bit i liked, Romano now 1.1 km strike

"Significantly, the mapped area of pegmatite at Romano, and Sepeda overall, continues to grow. Mapping at Romano, the initial resource target, has increased the pegmatite strike length to 1.1 km, with a new extension to the west now scheduled for drilling early in phase two. Meanwhile, the overall strike of the corridor hosting the pegmatite swarm is now 3 km long, and still open in all directions"