Nice Find Cosmo!
Summary/Key Points
Scoping Study WILL demonstrated ND is Mineable
All 3 deposits in ND are Minable from Surface - Easy to mine and easy for grade control / Tabular and all Open Cut.
Initial Mining 'Inventory" 7.5Mt - Cant say RESERVE yet as need to Complete Economic Study
Continual Exploration - Outside the ND Resource and the Sinclair Cesium Deposit area we have only drilled 10,000m
Employing a structural Geologist to form the basis of a very aggressive Exploration program over the next 12 months.
Offtakes - Preliminary discussions of quite a few Interested Parties with ESS's view the key is FUNDING
Can these parties bring the Majority of the Funds - These are Tier 1 Parties
Yes they can - They understand the value and have no Issue with Providing the Money!
Shareholders impatient with getting an Offtake partners
We have to know what we have first and determine downstream scale first.
This will make it easier for Offtake Partner (to commit)
Only 13 JORC compliant Spodumene Recourses1
Spod - not easy to find Spodumene Deposit- Valued by Peers and hence the Takeover Offer by a Peer (GL1?)
We have a very valuable resource in a Tier 1 Location, A Perfect location to Develop a Project.
Cash- We have Plenty and are well funded to meet our needs
10.5Mil at end of June quarter
3 mill in Options due in November - Seeing this trickling in already.
Other Projects
We have Good Projects with our JV - BUT WE ARE FOCUSED ON LITHIUM
Aspiration to be a Big Player in the Lithium Space (Previously stated "1Bilion dollar company - we aspire to be like CXO" - CXO now 2.5B)
"WE ARE UNDERVALUED"
Updated Resource in November
Scoping Study Complete in December
