They do acknowledge that Amblygonite is present in the historical XRD results but there is also Lepidolite and Spodumene. I'm not to fussed with the Australian leases - the one closest to CXO is of interest, but the Brazil lease could be significant and I don't think a team with this experience (ex-Galaxy) would progress a project of this size (17km corridor) if they didn't believe there is something significant to unearth. In addition, Yahua Lithium as a cornerstone verifies A) the potential and B) the connections this management team does have. Only need to look at Sigma Lithium (NPV US$5.4bn - US$1.4bn MC) and Latin Resources to understand potential here. Then there is the Brazilian Gov. Brazil easeing lithium exports rule to draw foreign investments - stars align so to speak.
OCN Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held
