Ann: Quarterly Activities Report, page-4

Been a bit of an interesting rolling presentation:

Jan 2025


may 2025


Released today:


The change from this announcement to just their last one seems to be all T2 or none. Previous announcement stated partial return multiple times throughout, this one doesn’t give me that vibe at all. They have also stated for some time a confirmation about Pre-FID however nothing about development ready, we will see.

one thing I have wondered is the “Leo Lithium seeking to be majority ownership and operatorship” does make me believe a JV could be preferenced…

if I was completely on the outside looking in, trying to figure out on this slide alone, Qtwo would be my first thought, and MD Alicia Milne has said they aren’t mine developers… however she was clear they didn’t want to sell or let someone buy in too early… however cash is harder to get these days for drilling.

It would be a major get…