Nickel sulphite exploration is hard most will fail. Lithium is a roller coaster and no shortage of projects with potential that can't find an economic deposit. Ive been so pumped for this laterite deposit delineation. The potential of a tiny MC company to have an economic resource on their hands so fast is fantastic. if we had a base of a economic laterite deposit the increase in SP and support that would then give us to look deeper and at lithium would be a massive for the company.
My hope is the grade avg can be brought higher with this drilling and the met work makes it work for Ravensthorpe (I'm not sure of what their capacity is at currently??) big asks especially considering we would still have to make some sort of agreement with FQ also after all that. But looks like the first news is good.
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