Delta Lithium General Discussion, page-146

Very interesting Gowatch.

Dli get a serious mention.

However, the Indian group’s interest is not limited to just Hancock; it is also understood to be scouting equity and potential offtake deals in Australia.One of the companies on its radar is believed to be the David Flanagan-led Delta Lithium, whose flagship Mt Ida lithium project borders Mt Bevan to the north-east.

Fast-running Delta, shares in which leapt 23 per cent to 70¢ on Friday, declined to comment.

However, Mr Flanagan has dealt with NMDC previously as head of the then listed Atlas Iron when in 2011 it talked over a potential sale of the Ridley magnetite deposit in the Pilbara to the Indian company.

The deal was never done and Atlas was later taken over by Hancock.

Atlas, headed by Sanjiv Manchanda, is now managing the Mt Bevan joint venture on behalf of Hancock, which took up an initial 31 per cent stake through a $9 million up-front investment.

Hancock declined to comment.