You find Lepidolite on the surface as it is very hardy and has...

You find Lepidolite on the surface as it is very hardy and has survived millions of years of weathering (rain, wind etc).
It is also a lot more expensive to process and a couple of years ago, at the price lithium was sold at, it was not economic to mine.
At today's lithium prices it probably is economic, but who knows where the lithium price will settle in a few year's time.




Now this pretty thing is called spodumene. It is not as hardy as Lepidolite, and after millions of years of weathering (rain, wind etc) you'll more likely find it at depth, and not at surface. Spodumene rich systems are extremely economic to mine at today's lithium prices, and by the look of things, for many years to come.




The question of whether we have spodumene rich systems or not can only be determined by drilling, and through assay results.

Without drilling, we are guessing. Based upon the experience of other companies the best indicator of what is at depth is the rubidium to lithium ratio.

A high rubidium to lithium ratio is an indicator of a Lepidolite rich system at depth.
A low rubidium to lithium ratio is an indicator of a Spodumene rich system at depth.

A low rubidium to lithium ratio is what we have, so our chances are extremely good.

David Lenigas is well respected in the industry, and has not come all this way to mess around.
He is here to turn our $30m company into a billion dollar plus company.
I'm backing him, and today's announcement was an absolute ripper!