Traded ZEU from 21 to 39. Bailed out on the gap close. Good tip...

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Wazza3006

15,331 Posts.

96

05/06/23

02:05

Post #: 68125277
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Originally posted by Malaga: ↑

STTCOMP ZEU Fa Long
soi 438mil
mkt cap $17m
cash $2m
last traded 4 cents
zeuo last traded 1.6 cents
Zeu is exploring in the Gascoyne region of WA for Lithium smack bang between DLI and VSR ground.
From company
HIGHLIGHTS
Program-of-Work (PoW) was approved for the Phase 1 drill program at Mortimer Hills Lithium
Project, Gascoyne Region, Western Australia.
• A large number of outcropping pegmatites have now been identified and confirmed in the
Pegmatite Creek Prospect area of the Mortimer Hills Project.
• An initial drilling program for about 1,700m is now planned for early June and will concentrate
on drilling directly into the mapped pegmatites from surface. The pegmatites are centrally
located in E09/2147 and are found similarly across the granite greenstone contact along the strike
from the Yinnietharra Lithium Project (https://deltalithium.com.au/our-projects/yinnetharralithium/) developed by Delta Lithium Limited (ASX: DLI) to the northwest.
• The drilling service provider has been confirmed. The Aboriginal Heritage Desktop Assessment
of the Mortimer Hills Project has been finalised.
• Drilling targets are within “Volta Corridor” (Figure 1) – a major lithium-bearing pegmatite belt in
which DLI is developing and enlarging the Yinnietharra Lithium Project on our neighbouring
tenement.
• A Program of Work (PoW) for Phase 2 drilling has also been lodged to cover follow-up drilling on
the interpreted extent of the prospective lithium ground on E09/2147, closer to the growing DLI’s

Was ready to tip last week but last minute drama. Volume and price breakout on Friday announcement this week maybe drilling to commence.

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Traded ZEU from 21 to 39. Bailed out on the gap close. Good tip imo
2 Upvote

0 Great analysis

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