too funny. Apologies for writing in complete sentences. FWIW, PMT currently has the largest lithium pegmatite resource in the Americas and still growing.
other points to note. Updated Mineral Resource Statement targeted for March/April 2025.
Results for approximately 10,000 m (33 holes) of follow-up drilling at the CV13 Spodumene Pegmatite’s high-grade Vega Zone remain to be reported pending final assays.
Geotechnical, hydrogeological, and geomechanical drilling to support the Feasibility Study has likely concluded completing the bulk of the 2024 calendar year exploration spend
as to what the majors are thinking i quote RIO in its bidding statement for LTM
Right timing. Rio Tinto is confident in the long-term outlook for lithium, with more than 10% compound annual growth rate in lithium demand expected through to 2040 leading to a supply deficit. With spot lithium prices down more than 80% versus peak prices, this counter-cyclical acquisition comes at a time with substantial long-term market and portfolio upside, underpinned by an appealing market structure and established jurisdictions.
PMT Price at posting:
33.3¢ Sentiment: Hold Disclosure: Held
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