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Pilbara Lithium Rush Continues with New ASX Entrant​

The Pilbara region of WA is quickly gaining ascendancy as one of the world’s premier regions for lithium resources.
The $245M capped Pilbara Minerals (ASXLS) has the second largest hard rock lithium source in the world.
PLS captured the attention of investors over the past few years, going from a 1.2c unlovable penny dreadful to become a 40.5c darling - That’s a 3,000% gain in about two years!
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Along with PLS, AJX also have a lithium resource in the same region, and is capped at around $50M…
As those two companies continue to prove up significant volumes of lithium, there is now a new entrant into this Pilbara lithium rush.
An $8.6M capped ASX explorer has snuck into the region, acquiring a project literally next door to PLS.
This pint sized explorer is hoping to tread a similar path to its much, much bigger neighbours.
There is no guarantee of success here though - this is early stage exploration and this ASX company is a speculative stock.
The new ASX entrant has ground along strike from a recent PLS discovery, and mineralisation trends have been confirmed crossing into its patch.
The company has just $1.2M has raised to pursue an aggressive exploration programme over the coming months, and drilling should kick off very soon.
Can this little company capture some of shine of its direct neighbour, the $245M capped PLS?