Well, lithium finally looks to be back on track, with the...

Well, lithium finally looks to be back on track, with the contango effect in full swing. If the price trajectory continues in this pattern (spot price currently 115,500 CNY/T), it can be very nicely timed for lithium-producing companies such as ours. On top of this, PLS has come to the rescue yet again in sidestepping the dodgy market in China.

The Andover North (AN) heritage survey gives us a deadline for the Andover South (AS) heritage survey as before 2nd April 24, so we could guess that AN would be completed by 11th—12th April 24.

With our current level of funds, which would be slightly less than our half-yearly report, we are fully funded for the AS drilling campaign and air core drilling for AN. Plus, our FQM partnership at Mt. Sholl will provide us with a nice un-dilutive bankroll. Ideally, if we are in need of a cap raise to further any of our campaigns, in the perfect world, this would be done after AS drills (Hopefully not dusters) at a premium with instos & sophs, as what happened with AZS. All the M&A activity and general vibe from the lithium industry in the Pilbara keeps this possibility alive.

Given that all our lie detector drills have proven up to at least a quarter of what AZS have, $0.15 is an easy SP target for us. This would be a decent find on top of our tier-one Zlatusha gold project joint venture in Bulgaria and the gold prospective Arrow project. On top of this, we have the Mt. Sholl, Roebourne and Arrow project prospective for lithium.

The next six months are going to be very exciting. On top of this, RDNOA expires in November. Patience will hopefully be repaid, and all we can do is pray that we don't have dusters!


GLTAH & DYOR!!!