To add to the discussion about RDN and ASX sharing borders see attached 2 images. The first shows where the PLS and former Altura lithium mines were located next to each other - ie they shared a border. The later had a resource of about 47mt @1.06% and towards the later part of 2020 PLS purchased them out of liquidation.
The second image is very interesting as it’s from the presentation PLS issued to raise equity to purchase the Altura mine from administration. Note the following:
1. Both stocks could not mine close to the common boundary they shared
2. The common boundary seemed to limit the exploration as well on both sides of the boundary.
This may have implications for any stock that shares a boundary with AZS’s Andover project. As for RDN it is possible they may end up with decent lithium resource.
