RE: SWT - Share Analyst16 Jun 2026 11:38
Few key points from recent #SWT RNS.
This one has news due on MRE and is fully funded for Tantalum and Lithium drilling which are due to start. Strong management and you can buy not far off the recent placing price.
Kabore has grown legs. A small spodumene discovery has evolved into a 1.3 km soil anomaly - the target is now far bigger than originally thought and confidence is high heading into the drill programme.
Zraty is seriously high grade. Up to 1,230 ppm Ta2O5 from surface samples makes this one of the standout hard-rock tantalum targets in their entire portfolio - and it hasn't been drilled yet.
Drilling is imminent. 2,500 metres across 23 holes, rig mobilisation expected shortly. News flow is coming soon, not someday.
Two catalysts at once. The maiden tantalum MRE is advancing in parallel with the drill programme - shareholders could be looking at two significant announcements in quick succession.
The geology backs it up. A rubidium anomaly at Kabore is a classic fingerprint of a larger lithium pegmatite system at depth - this isn't just surface noise, there's a real target to chase.