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@indigoNearly 2 mths ago on the 17/1/22there was an announcement...

  1. Queenslander13
    277 Posts.
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    07/03/22
    16:00
    Post #: 60036299
    @indigo

    Nearly 2 mths ago on the 17/1/22there was an announcement when everyone was getting skittish on RH and the lackof results. This announcement was an effort to keep the tyres pumped duringthat wait.

    It claimed/included some of the following:

    During the preceding 12 months, the Company has been conducting historical technical data reviews as well as evaluating its further corporate options for the two 100% owned lithium brine projects, Columbus Marsh and Rhodes Marsh, which it holds within the lithium-producing Clayton Valley region in Nevada,USA.During 2021, the Company received interest from third parties regarding its Columbus Marsh and Rhodes Marsh projects A Company review has highlighted the opportunity to build on relatively minimal and inconclusive exploration activity across both projects. The Board concluded that the best method for creating shareholder value was to focus on a recommencement of targeted exploration activities in the first half of 2022.

    They went on to say:

    To maximise efficiency in its efforts given the cross border challenges in the current global situation, the exploration program and development of the projects will be conducted by a joint collaboration between the Caeneus Australian technical team who will oversee the program and the Company’s North American-based geological consultants

    Non-Executive Chairman Mr DavideBosio said “It’s a very exciting time for CAD as we launch into a targetedexploration campaign on these well-located lithium projects. The Board hascarefully considered alternatives such as divestment though sale, joint ventureor a spin-out, however, in light of the world’s continued demand for lithiumand the significant untested potential across both projects, we firmly believethat the best value for shareholders can be achieved by focusing on near-termexploration and development,managed by our existing team. With the on-goingactivities across our Pilbara gold projects in the Mallina Basin and ourrenewed interest in lithium, we look forward to an exciting time ahead for CADshareholders!”

    Additional statements included:

    Plans for the Company’s 2022 exploration efforts in the Mallina Basin will be released in the coming weeks, after the Company receives its results from recent drilling.

    AND

    Further information will be provided prior to the commencement of exploration activities.


    So, giventhe RH results were a bust for now! We are waiting on some activity inNevada in the first half of the year (3 months left to meet that milestonestatement) and to date no info provided prior to the commencement of saidfurther exploration as stated above.

    We are also waiting to see the results ofdecisions regarding MtB which is taking an eternity.

    But surely you already knew all of this as you are a holder.............

    CAD Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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