"Further review of the intersected pegmatite in drill-core from the Hilditch Gold target revealed localised finegrained bands of albite-lepidolite, indicating the lithium-bearing mica is potentially a late metasomatic replacement. Geochemical results from the intersected pegmatite at Hilditch Gold were analysed and indicated moderate fractionation highlighting the potential for lithium enrichment along strike within these pegmatites."
What the market is missing is that this is early stage and as highlighted in the quote the lithium enrichment can be further along strike where there is possibly greater fractionation.
The next step is to drill these pegmatites and see what lies beneath or along strike. Don't think MIN would have done a JV with MQR if there was no potential. Larkensville sits right in the middle of the JV with plenty of pegmatites. Plenty of upside should MIN be successful or if we are successful when we drill some fences across these Lithium prospects.
MXR Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
