1MC morella corporation limited

General Discussion, page-2140

  1. 11,332 Posts.
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    I went to the AGM.
    The key points from my point of view
    Were:
    TESLA has visited Fishlake twice.
    Fishlake is only 6 miles from Ioneer, potential synergy.
    Drilling is taking place at the Southern end of tenancy.
    At the Northern end an old oil well is belching copious amounts of
    hot water from the plug that burst and can't be fixed because the water pressure is too high rendering the area difficult to drill as it is waist deep mud.
    The upside is the geothermal pressure, great for energy + Li as a by product similar to Vulcan Energy.
    Ormat is next door who are world leaders in Geothermal energy.
    JB said it was worth waiting to see if the Li DLE pilot studies from Geothermal sources can be done at commercial levels.
    The tech companies in this area are asking for alot in return atm.
    In ref to OZ Mallina is the project they are concentrating on.
    Tabba Tabba including WC8 tenements are divided by FMG tenements.
    Twiggy hasnt come to come to the party, as yet, to make it profitable for either party.
    He also owns the railroad.
    Talks have been going on between all parties including Chris Ellison.

    The biggest positive is TESLA visiting Fishlake twice.IMO.
    Elon was interested in Geothermal lithium years ago so he is onboard with the concept.
 
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