Plenty of irons in the fire to generate interest at this low market cap.
While I certainly welcome the decision to undertake exploration at the lithium prospective tenements, I am mindful to be a little cautious in my optimism in so far as the Pilbara tenements are concerned noting the initial drilling campaign in 2018 / 2019 was a bit of a “duster”:
WML then planned to carry out further works (including with respect to the tenement application E45/4789 near Pilgangoora), however, as far as I can tell they did not ultimately pursue this and shifted their attention to Mount Venn:
Presumably they will pick up where they left off in the Pilbara. It will be interesting to see what they find at Ravensthorpe and Lake Dundas.
Personally I am a little more bullish at this stage with respect to the Mt Cornell Sill and the Mt Cumming magic complex prospect more broadly. The initial results are promising together with the scale of the prospect - I bet WML cannot wait until the drill rig starts punching the infill holes in the “avocado” mid-month.
For those interested, for context I was doing a bit of reading on the famous Sirius Resources Nova-Bollinger deposit (hosted within the broader mafic ultra-mafic sill complex) in the Fraser Range - and which was acquired by IGO in about 2015 with a $1.8 billion deal - and found these excellent articles regarding the characteristics of the same:
https://www.tandfonline.com/doi/pdf/10.1080/22020586.2019.12073068
http://www.portergeo.com.au/database/mineinfo-mb.asp?mineid=mn1574
Hard not to feel a bit of excitement as to the potential here for the company - and which is why I like to have a true explorer such as WML in my portfolio - keeps me interested and adds a bit more colour to investing beyond simply reading financial reports and considering metrics!
The above is my own commentary for discussion purposes and speculative. As always, please do your own research. Best wishes to shareholders.
