RLC 0.00% 0.2¢ reedy lagoon corporation limited

1 bn ton lithium source just a few km's away, page-41

  1. 143 Posts.
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    Not necessarily I'm afraid @Happy_cup.
    Drilling is expected to take 30 days as quoted in the last announcement. The document was dated 2nd of Feb '18 so add thirty days to that and we get ~4th of March.

    But that is just for drilling. We then have to:
    1. Assay the cores. This will take 4 weeks + transport time. So early/mid April for all core assay results. However, management has stated cores will be progressively sent for analysis as they pop out of the drill rig so we could very well start hearing about results beforehand - potentially starting in mid-March.
    2. Aquifer analysis. This will take 2 weeks for pumping + 4 weeks analysis + transport time. We are looking at late April for hydrological results.

    As always - this is just my own calculations based on info from RLC anns.
    Contact our Managing Director for more information.
    Last edited by Kevyx: 26/02/18
 
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