Australasian Gold (ASX:A8G) applies for tenement in Mt Peake pegmatite field, page-32

Jumped into this one yesterday.

They started exploration on their lithium tenements on Sunday. At CXO’s EL26848 tenement next door they got rock chip samples up to 4.63% Li20, 10 samples above 3% Li20 and had samples where up to 50% of the sample was spodumene. At CXOs Barrow Creek there are some monster pegs there too.

IMO should A8G get similar samples, then there could be quite a rise in SP given the small MC.

Also, if I’m not mistaken, the MD has a connection to Shandong Ruifu, right? Ruifu had an offtake deal with Altura, plus a non-binding offtake with CXO. Should A8G find a deposit then I think our MD will have the connections to secure a partner.

We saw EFE rise recently after their announcement of a partnership with Sichuan Yahua, perhaps A8G could do the same thing?

IMO

GLTAH