ESS essential metals limited

This from the Sept quarterly report, very below - but the part I...

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    This from the Sept quarterly report, very below  - but the part I have highlighted in bold....should really excite the market. We will likely see Fortune 500 type companies become involved with this company.  A real cash splash heading towards ESS, under very favorable terms. Without fail "the market" loves these announcements, involving incoming investment.

    The market cap is too low - why in fact is this desire for investment in lithium exploration companies ? - when we are sub $100m cap here - and the company advise 1.2mtpa production, levels OFF a proven resource.

    Myself getting involved in lithium exploration companies again- and a nervous wait for drill results. Often with not much difference in market capitalizations between ESS and an unproven deposit. No thanks, not anymore,

    I think you want to be holding the stock, when news of a deal hits. I base these comments on just what is happening in the sector - and the requirement we see to guarantee supply, by big end EV producers.

    News due alright, I agree - anything at all though...... should move the SP, I think coming off these beaten down levels.

    Nice opportunity here.

    _____________________________________________
    Sept Qr Report

    GETTING DEVELOPMENT READY

    The initial key steps being taken to advance the Pioneer Dome Lithium Project towards development are:

    • Update of Lithium Mineral Resource – report due end-November • Open Pits Optimisation study – results due December

    • Expressions of Interest issued to potential project partners seeking financing in return for offtake rights – responses due December.

    • Scoping Study – report due January

    • Mining lease application lodged in September and expected to take 6 months to be granted.

    The Dome North lithium Mineral Resource remains the only Australian lithium Mineral Resource not yet subject to an offtake commitment. The Company is presently engaged in ongoing discussions with various local and international lithium participants interested in off-take and/or investment.

    The Company cautions that it is not party to any binding agreements with respect to the aforementioned discussions and that an investment decision should not be made on the basis of these discussions. There can be no certainty that any binding agreement or agreements will eventuate. The Company will keep shareholders updated as to any material developments, cautioning that at the current time all discussions are preliminary and incomplete.
 
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Currently unlisted public company.

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