RLC 0.00% 0.2¢ reedy lagoon corporation limited

Ann: Notice of Annual General Meeting/Proxy Form, page-21

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  1. 143 Posts.
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    Hi yes I did manage to go to the AGM. It was very good see other holders (incl those of us on HotCopper) there as well as our management.

    Geof was fairly tight lipped as usual which is expected as so to not leak any unannounced information to the market but I took in a few main points.
    - the lithium projects in Nevada are still considered highly strategic. There is still a lot of interest in the lands around these areas with many mineral exploration or chemical companies looking around. This is also why the grounds at the failed drill areas have not been relinquished as the main land areas around major basins has already been fully staked and so is valuable. Geof has also said this is why he has been so vague on the details of the 3D AMT surveys as the information is valuable and not worth disclosing publically. A potential farm out or sale is preferred to minimise capital costs.
    - RLC’s focus is still on lithium, albeit on less capital intensive projects. He mentioned a prospective project in a neighbouring state that would only require <200m of drilling. Hence it would potentially be more suitable for a microcap. He said he would like finalise everything very soon.
    - I also asked about the magnetite project. He said that there has been interest in the past for a full sale especially since the grades are decent and it sits on a rail line. Hopefully MIN who mine close next door might do something...

    Think that’s everything I took down but anyone feel free to add.

    Cheers
 
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