CY5 0.00% 6.8¢ cygnus metals limited

It's been a bit of a week! OM1 was punished for releasing rock...

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    It's been a bit of a week! OM1 was punished for releasing rock chips with no inspiring Lithium ppm. This is similar treatment to PR1 when they released early results on only 10% of their exploration.

    I saw a new IPO of a company wanting to explore James Bay for Lithium: James Bay Minerals (ASX: JBY) ASX listing aiming for 7 September 23. They have 2 projects. The first is La Grande on the North Map, made up of 3 groups; Joule, Aero (adjoins LLI's Brisk) and Aqua (between FIN's two Cancet West projects) and Troilus on the Middle Map north of SYA's Moblan and NE of WR1's Sirmac project. To me Joule looks like it's on an island but Aero has the Trans Tagia highway run through it. The team seems to have a fair bit of lithium experience, with BM8's CEO Gerard O'Donovan being non-executive chair, Judith Baker as NED (ex Director of Nemaska Lithium Inc) and Dean Ercegovic (ex-Primero). Their ED Andrew Dornan has prior management roles in other other lithium companies.

    https://hotcopper.com.au/data/attachments/5467/5467927-8834b93d82dd5dca9ee0bda1361ccee3.jpg

    Cosmos announced that they have increased their tenement holding on their La Salle project.
    Cygnus announced an increase to their tenement package at Auclair.
    OM1 announced that Canadian Mining House had given them additional tenements, to increase the size of their tenement package.

    It looks like many are going to be getting back to work in the near future, eg Omnia are back on site on 1 August and Brunswick Exploration announced it resumed work at their Mirage project last week (the one that adjoins Cosmos' La Salle project).

    Also could be an interesting week with PMT possibly announcing their MRE.

    I feel like I've forgotten something but anyway, here's the updated maps.

    https://hotcopper.com.au/data/attachments/5467/5467948-02e0cb0c08224083c01d17d57299b49e.jpg
    https://hotcopper.com.au/data/attachments/5467/5467951-48d1a40bd3c3a83b300bb903604f5e19.jpg
 
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