Ann: Blaze to Begin Drilling High Priority Targets, page-4

With about $4 mill in cash, they decided to roll the dice in a lithium project

East Pilbara Marble Bar Lithium Project During the Period, the Company announced the acquisition of an option over 100% of four lithium exploration tenements (EL 45/4669, ELA 45/4960, ELA 45/4724 and ELA 45/4746) (Option) covering 370km2 and located within 50km east of Marble Bar, in the East Pilbara of Western Australia (Marble Bar Lithium Project) (full details of the Option and Marble Bar Lithium Project are contained in the announcement made 2 August 2016, “Option to Acquire Lithium Project”).

The East Pilbara is rapidly becoming one of the world’s leading hard rock Lithium provinces following the discovery of world class lithium deposits in the Pilgangoora Pegmatite Swarm by Pilbara Minerals Limited (ASX: PLS), Altura Mining Limited (ASX: AJM)..