RE: RNS7 Feb 2022 21:08
Found 36m at 1.3%, higher grades at tighter deposits, fairly standard to be found in a zone at depth. Great results for us and further extensions identified - I think we will be hearing that a lot. Now we have 6 drills working on it, rains cleared so results should be coming in think and fast. I expect another interest party will want to make a move before we commit to the large lithium manufacturer. We were told that off take would likely fit part of the deal so this is borne out by the first choice of partner. They pay, we stay on as operation and they get the product. Win, win, win.
PREM has seen its share of rises and falls making the sell off before close fairly predictable, not to mention that some seemed to think we were going to be getting a cheque for £400m instead of a JV.
This all bodes really well for the future of the company, expect a solid rise tomorrow as more sensible heads see the value emerging here.