PIO have identified eightn rank five pegmatites and six rank four at Pioneer Dome. Apart from work by LPD at Peg 9, which was specifically looking for lepidolite, there has only been any drilling at three pegmatites. Exploration at Peg 8A resulted in the Sinclair Mine. Drilling at Peg 3 was reported as "not encouraging" and no further work was done. Drilling at Peg 8 South was reported as "similar to Sinclair" and a "Tanco like deposit", This was ranked ad rank 4 in the only published ranking of pegmatites. I can only assume that at some later time the ranking of Peg 8 South has improved as there are seven pegmatites ranked five which remain undrilled. One would have to think that the prospects of further discoveries of LCT minerals at Pioneer Dome are pretty good, even excellent, on the basis of success so far.
There has been a lot of talk on this forum about comments made by David Crook about at least $10M or $15M from Sinclair. Somehow this has ben interpretated as "not more than". These are second hand reports and are nowhere in the reports from the Company. i suspect that if they were said they were said to get rid of pesterers. It is absurd to suggest that a major world company would advance A$6.8M interest free and without security excvept over the resource, unless they were very sure it was worth many multiples of $6.8M and they were very anxious to get their hands on the ore. If so it is the only such deal i have heard of.
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