Lithium-iron-phosphate batteries are taking share at a breathtaking rate. Already LFP batteries account for 2/3 of China battery production and that number is only going up.
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LFP batteries are taking share because they are superior: in safety, performance, cost, price - not to mention that they can be produced in our own backyard.
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INCA, Share holders were told in the last 2 x Capital Raises being 1.5 cent & 0.007 cents raises that P205 would be looked into at the Frewena Area via RC drilling to secure knowledge on the perceived P205 deposit is actually there. This seems to fallen by the wayside and the new team want to chase something completely different.
The proposed way forward we agreed to previously and submitted funds seems to have been abandoned.
We were told RC drilling would take place to access the size of the P205 deposit.
ICG Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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