Numerous New Pagmatite Targets Identified at Mt York Lithium Project, page-44

Spot on Tigers! Yes, KAIO Oppie Exercise (Conversion to KAI f/p ords) is such a no-brainer for
Management to raise enough Capital - ~$14 Million! - to explore & drill for Lithium, Gold & Nickel to their heart's content for maybe years to come! As reported by the Stig, KAI have only ~$600,000 in the kitty, so they need plenty more $$ to fully explore all the Pilgangoora tenements (now a large number over a sizeable area) for both Lithium & Gold, as well as resuming exploration for Nickel & Gold at Roe Hills. I still think that today's Ann may be mis-construed referring to exploring & drilling the NEW Pegmatite targets now identified at Mt. York as a 'Priority 2' aim by early Q3. I also suspect that already- identified Pegmatite targets at 2 locations (north & south) in the Iron Stirrup/Old Faithful tenements described as 'Priority 1' (Figure 1), may be already underway in exploration ahead of the new 'Priority 2' Pegmatite targets of today's Ann. If this is a correct deduction, then a hint of a Lithium strike in
'Priority 1' Pegmatites (in either or both of 2 locations) would be the the perfect catalyst for a massive s/p re-rating, which would ensure full Exercise of KAIO Options. I suspect Management is holding their cards close to the chest and may surprise us with perhaps ground-breaking news in the coming weeks.