Hancock prospecting and Mineral Resources are working together...

Hancock prospecting and Mineral Resources are working together as they did with Warrego Energy's takeover. Mineral Resources helped Gina get Hancock Prospecting over the line by accumulating stock in a hostile takeover. It's looking like the same here with Delta Lithium, but David Flanagan was smart enough to block any hostile takeover for at least 3 years unless the offer is too good to refuse.
Atlas Iron at present are drilling for Lithium in the Mt Bevan tenement and Hancock has already taken up neighbouring tenements. Gina Rinehart is working with NMDC (Legacy Iron) and the Indians want lots of Lithium. It's highly likely DLI will get Mt Ida up and running then sell off to Hancock where her conglomerates of companies will control a large parcel of land in the neighbouring area.
I can only assume Hancock and Mineral Resources will only keep accumulating as Mt Ida progresses, that way it will not be as expenses in the final takeover offer of the Mt Ida region.
Delta's mighty leader DF can see the writing on the wall, he'll then have enough $$ progressing the mother load the "Yinnetharra Lithium Project".

All in my own opinion DYOR....

(By 2030 India want 30% EV's - population 1.4 billion people)