Essential Metals (ESS) has recounted activities from the December quarter which primarily focused on exploration at the Pioneer Dome lithium project in WA
The company is looking to take the project into ‘development ready’ status as part of its goal of being a key player in the lithium supply chain
It undertook a number of drilling programs and also began studies and evaluations ahead of a scoping study planned to begin by mid this year
Additionally, the materials stock divested its 51 per cent interest in the Canadian Mavis Lake asset to Critical Resources (CRR) for $750,000 in cash and 34 million shares
Company shares are up 5.48 per cent to trade at 38.5 cents
ESS Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
