RLC Market cap $16m Cash at Hand $3.5m RLC has 3 lithium brine...

RLC

Market cap $16m

Cash at Hand $3.5m

RLC has 3 lithium brine projects with strong targets: Big Smoky South, Columbus Salt Marsh and Alkali Lake North

The Big Smoky South project is located about 6 kilometres from North America’s largest lithium brine operation at Silver Peak which has been producing lithium since the 1960’s and was purchased by Albemarle in 2015.

The lithium endowment of the region is also supported by the high lithium and boron grades in outcropping volcanic rocks reported by Global GeoScience Limited ($475m Market Cap)(ASX:GSC) at its Rhyolite Ridge project which is located in the hills between our Columbus Salt Marsh and Big Smoky South projects.

The combined projects have an Exploration Target of between 750,000 tonnes and 1,000,000 tonnes of LCE at a grade of between 90mg/L and 120mg/L.Current price is more than US$11000t and ORE predict a 25% price rise in 2018.

RLC now has drilling approvals for both its Columbus Salt Marsh and Big Smoky South projects.

RLC projects are within 300km of the Tesla Gigafactory.

Disclaimer- I hold.