Company UpdateIR, David V., advises that a company update will be released early December. I expect that to mean some time next week.
Here's an excerpt from their September 22 NR and what we might anticipate by way of update to be included in the next news release:
LEGAL DUE DILIGENCE
PGOK continues to work on satisfying the legal conditions identified by Stans counsel Norton Rose Fulbright Moscow. No issues have been identified which have been deemed to be insurmountable. Stans expects resolution of all remaining legal issues by Q1 2018.
GEOLOGICAL CONFIRMATION
ARMZ geological contractors have completed fieldwork for a topographical survey of the Pervomayskiy stockpile. The topographical report is being prepared and will form the basis for mapping of a drill program by Stans and/or ARMZ drilling contractors.
INFRASTRUCTURE AUDIT
Starting in October 2017, a technical audit of Project infrastructure will begin to assess the state of all buildings and infrastructure for their structural, electrical, and mechanical viability. PromTechnology (VPPINIT) an engineering division of ARMZ will conduct the audit. The goal of the audit is to determine the work programs required to resume production of a lithium concentrate at the existing PGOK facilities. Representatives of Stans and ARMZ will be participating in this process.
FINANCIAL AUDIT
As part of ARMZ due diligence requirements, qualified Russian auditors will be retained by Stans to evaluate the financial status of PGOK.
LITHIUM CONCENTRATE PROCESSING REVIEW
In October 2017, VNIIHT experts and representatives of Priargunsky GOK, the largest uranium mining enterprise in the Russian Federation, will collect a five (5) tonne sample of stockpile mineralized material from the Pervomayskiy stockpile. The sample will be used for industrial scale testing on optimization of milling processes to produce lithium concentrate and lithium carbonate. The production technology will be designed by VNIIHT and MIFI (Moscow Physics Research Institute). Discussions are ongoing for the exact methodologies, procedures and timing for the work programs required for testing of the complete cycle of lithium carbonate production.
Read more at https://www.stockhouse.com/news/press-releases/2017/09/22/stans-energy-announces-work-programs-at-pervomayskiy-lithium-project#qGGFPmtcLIGSctrE.99 Hopefully, word will also be forthcoming about AGM date, name change for company etc.
4p