ERX 0.00% 12.0¢ exore resources ltd

Good news on way for NLI !!!!, page-404

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    The pictures from the tweet might be from the fieldwork, like the company officially announced and told also their shareholders...

    From the official company announcement:

    Source:
    https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC5gi7zRiZrvtwke92GA==

    The Company also signed a binding agreement for the acquisition
    of a significant (354km2), granted tenement package in close proximity to the Sepeda Lithium Project, making NLI the largest granted landholder in the Northern
    Portugal Lithium Belt. Portuguese Mining & Energy Ministry (DGEG) historical records and NLI fieldwork indicate multiple pegmatite occurrences within host geology analogous to Sepeda within the tenements, which provide a highly prospective, complementary exploration pipeline surrounding the core‐focus Sepeda project. NLI plans to conduct systematic mapping and sampling of these pegmatites to produce Reverse Circulation (RC) drill targets for
    the near term, with the same team and methods used in the Sepeda lithium discovery.

    Novo Lítio has a binding agreement to acquire 100% of the granted licence and licence applications held by Lusorecursos ARG and Lusorecursos LDA. Completion of the transfer of licences to Novo Lítio remains pending and has been frustrated by the vendors.

    The Company considers it has binding and enforceable legal rights and is pursuing the matter on an expedited basis in the Courts of Portugal (refer to the Company’s ASX announcement released on 28 July 2017 entitled “Commencement of Legal Proceedings re Sepeda” for further details).

    Further to its announcement of 28 July 2017, the Company has commenced injunction proceedings against the vendors of the Sepeda Project, Lusorecursos Lda. and Lusorecursos Arg. Lda., seeking an interlocutory injunction to protect the Company’s interest in the granted licence and licence applications comprising the Sepeda project.

    The Company anticipates that the injunction proceedings should be determined in November 2017, allowing NLI to submit the Mining Licence application before 7 December, which is the last date for application. NLI also has an exclusive lease agreement with the Baldios of Carvalhais (local village who administers the community land on which Sepeda is located), and continues to have full access to the site, despite recent threats of violence from
    Lusorecursos.
 
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