Good points. So with the ULI project they are currently doing...

Good points. So with the ULI project they are currently doing modelling from existing geological data and have hired Borg to evaluate the extraction methods and mining of potential Lithium that is has already been shown in the aquifers from historic oil wells that were drilled in the 60's and are currently capped and plugged. Do they have to actually drill new holes or can they open the historic oil wells to access the aquifers below in their initial preliminary resource evaluation? They have a couple of historic oil wells on the tennament.

Have they applied for drilling permits?

They have to spend $750,000 to gain the first 50% of the project, which they have if the options are converted, which they should be if they come thru with a drilling announcement. Then they have to spend a further 3 mil to gain another 20% and a controlling share in the project with further feasibility studies and mining infrastructure.

The next two months market updates are going to be key at least for the options and the money they need from these options being converted.

Hope they come thru with the goods!