I believe there are hotcopper members here who can answer your...

I believe there are hotcopper members here who can answer your question better than myself.

What we do know is the parties involved (Hancock. NMDC) believe in the Mt Bevan Magnetite Project otherwise Hancock Magnetite wouldn't of acquired the neighbouring tenements. With the backing of India's largest steel company NMDC who has set a 100MT iron ore production target by 2030, now wants as much Lithium as they can take.

The coming months will be interesting with our neighbours starting to drill for Lithium making the area around Mt Ida emerging as the new lithium province and Mt Bevan is in the sweet spot.

Zenith Minerals (ZNC) - $103.43M(market cap)

Red Dirt (RDT) - $179.28M (market cap)

The silver lining is that Mt Bevan is being professionally managed by Atlas Iron who posted a $938m profit for the 2021 financial year and we have Hancock's backing $$$.

The future is beginning to look brighter but with the top 20 shareholders holding 93.2% of the shares(Nmdc 90%) who know's where this will go, anything is possible but I wouldn't be surprised that the big players are eyeing off St George Mining or Juno Minerals.

We just have to wait for the drill results to come in from 'Atlas Iron' and then hopefully there will be movement at the station.

Interesting times ahead......