Spodumene+ Exploration now in progress

ESS is an accumulator, after hitting a 12 month high 18c SP on the 29^th January this stock has settled back down to 11.5c with a lowly $24M mcap upon low trading volumes.

With the recent cost saving sensible skin in the game retainment (25%) Blair Ni farm-out at no further expense after nearly 20yrs of ownership and Juglah Dome slightly less than encouraging gold releases the BoD can now focus on the value adding Dome North spodumene bearing lithium project.

A reminder that this project still has the hallmarks of being as a minimum, a value adding much sought after high-grade lithium satellite deposit that will complement the lower grade Bald Hill and LTR owned Buldania-Anna deposits as a feedstock to a much larger concentrator plant in an infrastructure well endowed “highly prospective region”.

Looking forward to a less scatter-gun Periodic Table flavour of the month element explorer and a more focused directive BoD in parallel with the surging lithium market sentiment.

With plus $6M to expend on multiple high-priority Li+ targets and drill programs etc not far away a steady positive/newsfeed updates will turn the tide rapidly.

“An extensive field reconnaissance programme has been planned to map and sample the high and medium priority targets (~48) with the first phase already in progress.”, extract from ESS release dated 1^st February 2021.

Either ways ESS at 11.5c ($23M mcap) is still undervalued, with a number of free-carried no Co cash outflow project expense JV’s that may also come to roost. Bye …

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Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss

https://hotcopper.com.au/posts/50161193/single