Final drill planning and mobilisation activities underway. Being designed to systematically test outcropping targets at Koshman & Nelson. Drilling to be stepped out to test the presence of spodumene pegmatites at the depth across 2.6km of identified prospective trend strike identified from the Company’s recent soil sampling program.1
Channel sampling returned 1.8m at 3.75% Li20 and 6.8% from rock chip samples2.
Permitted and drill ready .
Karl Simich taking chunk of placement. (EX Sandfire)
This is capped at peanuts with Identified ~2.6 km of trend strike prospective for lithium bearing pegmatites. Only 70m shares on issue.
Drilling is imminent. Drilling contractor appointed, final planning and mobilisation underway. Infrastructure all around them and known Pegs on the surface. I cant see this staying near a $14m market cap imo.
I think BMM is well placed for a speedy ride on drilling success. This is multiple targets. 70m shares on issue with this potential seems like a standout punt. Time will tell. I also see that the management team is very experienced across the game. Nice shell for them to build up over time. Risk is always around, but the odds look good so close to the drilling imo. dyor
BMM Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
