Daily Discussion, page-5791

Delta Lithium just went into a JV to eventually acquire all of RR1 tenements next to them which was something I had been vocal about that they would do, but ended up being after initial drills from RR1 came back with poor results and they've now picked up the tenements from RR1 on the cheap and very likely know where the lithium runs over from their own holdings into the RR1 tenement.

If it was a duster then Delta would not have wasted money to buy them, no need to have the tenements if there's nothing there.

Unfortunately it was poor for shareholders in the immediate term to not hit anything on their first drills and then have Delta come in to scoop it up on the cheap. especially with the consolidation but a great strategic move by DLI/MIN to get it on the cheap and increase their holdings in that region. Right place, wrong time, wrong execution sort of thing for RR1.

RDN is completely different and were lucky to get the tenements above and below AZS and unlike RR1, RDN already know there's spodumene there.

Probably similar thing will happen eventually for RDN....SQM will come knocking once all the boxes are ticked for heritage approvals, some initial drills but hopefully the drills come back with positive results and they don't pick up RDN tenements on the cheap.