Ann: Tambourah and Mt Holland Lithium Exploration Update, page-35

I think scratching around is a good way to describe how everyone has approached their exploration around Mt Holland.

MZN did a fair bit of shallow AC drilling, with an RC rig to come along later if the AC drilling came up with anything interesting. The silence in the later reports indicates nothing interesting was found except for "elevated lithium levels".

I think the DGPR survey is our best chance of identifying any drillable targets. If there are, put a few 200-meter holes into the ground and see if we get lucky. The geochemical sampling program I expect will come up with some "anomalous and elevated readings". If that supports the targets the DGPR comes up with, then well and good.

A bit further south, MZN came up with good results at the Gem and Giant pegmatites, so all is not lost, but I give Mt Holland a 5 to 10 percent chance of success. Tricky geology.





Can't wait for Julian's next lot of interviews to get some understanding regarding his approach.