On top of what I believe to be responsible management, the company has 3 very prospective brine projects in Nevada. These will be the primary share price driver upon completion of drilling and announcement of results (hopefully positive). I will let pictures do the talking.
View attachment 989968
View attachment 989971
View attachment 989977
Essentially, the lower the resistivity the better the salt concentration. As we suspect, salts in Nevada typically contain lithium. <1 ohm-m typically indicates the presence of brines.
Columbus Salt Marsh project is currently being drilled by contractor Boart Longyear and is the least resistive project we have judging from the MT surveys. Core assays and aquifer pump+analysis will follow. I've outlined what we can expect timing wise
here
Please also note the purity advantage Nevada has over other provinces. I've briefly outlined the importance of having low magnesium (one of the impurities)
here
Here is another summary I've done regarding rlc a little while back. Arguably a better summary than what I have typed up here so might be worth a read.
After the drilling, we will plan towards partnering with direct extraction technology companies to further advance the projects into production. It'll be very nice if we can get to this step.
I would also encourage you to call RLC's managing director. The phone number (03) 8420 6280 will put you straight through to Mr. Geoffrey Fethers. It will be your best shot should you have any more technical concerns or queries.
p.s the 1BT lithium in the title is referring to the massive lithium projects' tonnage we have in the hills behind our projects. Almost half of this 1BT belongs to GSC's Rhyolite Ridge. However - please do not get baited by the headline tonnage - they have an insanely low Li percentage (~0.17% Li) and will be an extremely high-cost mine if they ever push it to production.
That's a very blue sky...
View attachment 989980
