Excellent ! Some of those gold grades are bonanza levels. To have a jorc asset such as this is extremely positive with the gold price approaching AU$1700/0z !
The grades are spectacular with excellent intersections and a lot of upside from further drilling.
This new acquisition is exceptional for the Company especially when you combine it with the lithium potential and the new Nickel acquisition.
Nickel
This component of the acquisition plan, that the Company has obviously been working on for some time now, places the Company in a position of having the potential to become almost a one stop shop for the high demand (Chinese?) battery market. Cobalt is the only missing piece of the puzzle.
The nickel grades seem quite respectable and one would expect that the combination particularly of Li and Ni would most likely further the interest and investment of the Chinese buyers who have shown serious interest.
The Company has some way to go, however, the plan to become a real producer is now well under way with a suite of high value opportunities.
ESR Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
