@PerryWinkle definitely this is massive for Rio Tinto who are...

@PerryWinkle definitely this is massive for Rio Tinto who are committing an estimated $2.4B to develop the Jadar project... and maybe some of this rubs off favorably for Volt.

I went back to review the announcement from 2021 after seeing this update. Jadar North tenements are directly bordering Rio's Jadar project with minimal historical drilling confirming the presence of both lithium and borate. This latest update could pave the way for granting exploration licence applications On face value the project merits further exploration, given the size of the tenement (being roughly equal to Rio's Jadar) and the fact there's a globally significant lithium resource defined in the area. Takeover offer, Earn-in with a major (like neighbour RIO) to pay for exploration costs, would be the most probable path forward IMO.