But in principle there is an application for the confiscation of the area of E25 on Lake Johnston?I don't know whether there are legitimate reasons here. But in principle there could be a risk that E25 will lose this area? Does anyone know more about this?
The Rhoda Prospect was identified from the Geological Survey of Western Australia (GSWA) regional mapping data. Six pegmatite dykes are recorded over a strike length of ~7km on the GSWA 1:100k map of the area with two areas identified in the ‘critical minerals database’ as mapped pegmatites.Subsequent to the end of the quarter an application for forfeiture was lodged by Cacique Resources Pty Ltd in relation to E63/2027. The application for forfeiture claims that the tenement holder has failed to comply with the expenditure conditionsfor the year ending 2023. Element 25 denies that it has failed to comply with the minimum expenditure commitment for the expenditure year the subject of the application and intends to defend the application.
E25 Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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