Ann: Pilbara Lithium/Gold project - acquisition update, page-20

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weedtalks

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01/03/16

12:02

Post #: 17153352
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Originally posted by PoetPlus ↑

In today's announcement we have : " Mining Projects will now move to complete the acquisition, clearing the way for ground-based exploration activities to commence "

So ground based (as opposed to aerial radiometics etc) exploration has not actually commenced... because the acquisition has not gone though. Oh dear!

And yet on Feb 4th it was stated : "Mapping, rock chip, soil sampling underway".
I thought rock chip and soil sampling WAS ground based exploration.??? unless it was done by leaning out of a helicopter, in which case yes it could be aerial-based exploration.

But then today they later say :
"The successful completion of due diligence will enable the Company to move ahead with completion and settlement of the acquisition, clearing the way for ground-based exploration activities to begin". (!!what!)

So now we need actual SETTLEMENT (i.e. shareholder's April approval) before ground-based exploration can be begin.. !! and soil sampling is not ground based exploration.

I love MPJ to death but ..... would be nice to know what is really going on terms of on-site exploration.

Setting that confusion aside, if simple rock chips were being gathered on Feb 4th, assays should have been received by now in my view... in line with "aggressive project evaluation" goals previously stated.

Just one tiny rock chip with 2% Li will do the job.... please MPJ!!

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Could it be that "Mapping, rock chip, soil sampling underway" could have been completed on chips/samples that were taken prior to acquisition and are available to MPJ? Also trying to make sense of this...

MPJ Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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Ann: Pilbara Lithium/Gold project - acquisition update, page-20

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