I just received a reply from my inquiry to Hylea by the managing director:
"You will have seen our ASX Release this morning containing more excellent Cobalt numbers along with an emerging Scandium story.
Contrary to popular belief, the assay labs are very busy at the moment and we get in line just like all the other juniors and wait out turn. A 5 week turnaround for assays is not unusual-especially when one considers how many elements we are assaying for. Our samples actually go to 3 different labs for analysis. Then once the raw data is received our geos spend a lot of time preparing the necessary JORC tables for at least 4 elements. We aren’t a gold exploration company that has a much simpler task. The good news is that the exploration itself is reasonably straightforward, but the metallurgy and assaying are difficult. Please bear with us. As you can see from our ASX release today the latest results are outstanding. Unfortunately, they coincide with a dip in the Cobalt/Battery sector.
With these exciting results and an emerging scandium story, we have a lot of options at Hylea. The Board and Management aere now considering the best way to add shareholder value.
Thanks again for your enquiry.
Regards
David Berrie Managing Director Hylea Metals Limited
HCO Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
