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Imagine Lithium Inc. V.ILI

Alternate Symbol(s):  ARXRF

Imagine Lithium is an exploration company advancing its Jackpot Lithium Project in Nipigon, Ontario. The project has a historic resource of 2M tonnes at 1.09% Li2O and 750kt @ 1.38% Li2O. The 2022 drill program was to increase the size of the historical resource. The results of the 2022 campaign will be combined with the extensive historical data and included in a first resource estimate in 2023. Imagine has launched a property wide exploration program on the ~18.8k ha Jackpot project.


TSXV:ILI - Post by User

Bullboard Posts
Comment by Bluebirdson Oct 14, 2016 9:02am
61 Views
Post# 25342827

RE:25 Hole lithium drill program + 50% JV extension

RE:25 Hole lithium drill program + 50% JV extension
"The significant opportunity afforded by near-surface mineralization of this type is of great importance to our global exploration efforts.  We had no hestitation supporting the Alix exploration plan and look forward to a successful outcome"  
 Adrian Griffin  (Lithium Australia Managing Director)
 
Take a good look at the map in news release and keep in mind that REM &  BCN have a combined market cap of $220 million.  Alix is currently capped at less than $4 million.
 
In 2013 REM share price rose 2300% in 4 weeks when UK investors woke up to the value of it's Sonora deposit.  A 4-digit % re-rate is not beyond the realms of possibility for Alix.

Bullboard Posts