Metalicity did find 'significant pegmatite bodies' but 'failed to locate spodumene mineralisation'.
The presence of pegmatites does not automatically equal economic lithium resources unfortunately.
This doesn't mean the place has been scoured. But it does mean risk is a lot higher, as QXR has to find what someone else wasn't able to.
Ann: QX to acquire highly prospective lithium project in Pilbara, page-8
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