When they announced the Yahua deal, they made it clear they were...

When they announced the Yahua deal, they made it clear they were there for Spod. Don't think they would have leaned in another $2m (cash not needed) to take them to 10% and a significant shareholding if they weren't confident that is what was there.

They'd just wait for the assays to confirm. Instead they wanted to get in early, cheaper and with distance to the results. Follow the money...

YahuaGroup’s Managing Director, Mr Xin Gao stated, “We are excited to be working with
Eastern Iron, who we believe is likely to be a strong source of spodumene concentrates in the
future. We see many potential cooperation between us onacquisition and development of
lithium projects and look forward to exploring a deeper relationship over time.”