POW 0.00% 0.8¢ protean energy limited

Hey All, Just had a quick call with Protean. Couldn’t reveal too...

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    Hey All,

    Just had a quick call with Protean. Couldn’t reveal too much whilst in halt but can confirm interest in Korid isn’t being reduced, so by rights it’s a confirmation they are increasing their interest.

    Was a very short chat as I’m in Bali right now, but the longer term strategy is in place and still on track. They want to commercialise the battery and it’s technology. The Korean Govt. is firmly behind the project and they’re a mining friendly govt. - didn’t realise there was a mine already next to our Vanadium resource, they mine roadbase. So we shouldn’t see too much govt. red tape in advancing the project.

    Long term though given what they’ve confirmed is in the ground and the technology side of things, the business is a pretty good play at the low level market cap.

    Hope that helps a little
 
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