RLC reedy lagoon corporation limited

Hi guys, I’ve just bought into RLC. I am a lithium-focussed...

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    Hi guys, I’ve just bought into RLC. I am a lithium-focussed investor. I created this thread (and will probably create a few more)because the current official RLC ASX releases aren't easy to interpret. The results are fantastic, but buried….

    Notably, the 21/22 Nov – Dec Quarterly report contained strongnews for “minnow investors”. I summarise: A second round of seismic explorationat Alkali Lake North (one of two separate RLC “claims” in the area) completedin Nov ’21 confirmed the presence of substantial lithium brine aquifer system. Theaquifer is “tube” shaped at 4300 m x 600 m long at a very accessible depth of500 m. It is contained 100% within theboundaries of the 2596 ha claim (FYI a hectare is 100 m x 100 m) and is geologicallyseparate from RLC second claim Clayton Valley to the south west.

    Notably, the RLC team have progressed this claim to this point without a JV. It is a 100% owned which give the team flexibility on how they move to the next stage of proving up the resource.

    Obviously, do your own research. And happy Monday!

 
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