KDR General Meeting Melbourne this Tuesday, page-27

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Kipper01

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27/09/16

15:08

Post #: 19451018
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Originally posted by brookvill2 ↑

Well the meeting was a very short affair, the 3 resolutions were passed, disappointing in that none of the Directors were in attendance, all at other meetings we were told. Small attendance as well, only 10 shareholders showed up. 3 of us were able to have a nice chat with Jason the CFO. Ist up the old mill at Burbanks is history, will be left to rot away. The main focus is certainly on Earl Grey and the Lithium, 2 drills on site and another due soon with the geoligists now working out what the drill spacings will be to define the deposit. Jason had no idea if there was gold showing up in the overburden, the drill results should show this up, only 1 drill is diamond the others are RC . Asked about the size of the deposit and is it the largest in the world, with a grin he said not sure as yet but watch this space so a we clue there I think.
As for the gold and Blue Vein, that is still having work on it but not a priority like Earl Grey. He did say they have a lot of gold at Mt Holland though.
So not a lot of info for you, they are still evaluating the use of the mill at Poseidon Nickel as to how much it will cost to change the plant from Nickel to Lithium production.
Cheers
Paul

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Reading this post Paul, your last line surprises me ... My understanding is Lake Johnston can process lithium already, alongside nickel - at the same time. There may be some expense associated with certain set up aspects, but no "change" is required. That's how I have read it on several occasions...

I'm a POS holder, but not a KDR holder (unfortunately : ) ....)

Kipper01

KDR Price at posting: 64.0¢ Sentiment: None Disclosure: Not Held
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