I haven't had time to go through the quarterly properly yet, but a couple of things I noticed and apologies if they have already been mentioned on the thread, I've had a busy weekend.
I haven't noticed these Lithium projects before -
Lac Rocher and Gladman? where did they pop up from? or have I missed something? Cant remember seeing them anywhere?
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ALSO
Looks like Dr Alain Berclez is no longer the VP of Exploration as previously stated in the last Investor Presentation on 11/4/18. .Cherrie Leeden is now VP of exploration. So I can only conclude that Dr Alain has been either sacked or moved on.
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As for the AU$1.42 million spent on exploration. From the prospects the independent geologist report states they estimate an all inclusive drilling cost of CAD$350 per meter for Adina. So 2,000m x CAD$350
= CAD $700k - convert that to AUD is $725k Australian.
So there is about another $700k spent on exploration? maybe actual Lab testing of cores and cobalt rock chip samples? make your own mind up on that.
From page 69 of the prospectus
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