EEE - W a l t o n Project, W.Australia14 Dec 2023 17:45
In a very recent interview with EEE's Shaun Bunn, MD, he said that they will be conducting some exploration work at Walton, Western Australia. One poster kindly listened to the interview again and pointed out to Rupple about rock samples to be taken at WALTON, a potential lithium project.
From the MAP shown by EEE, one can see to the RIGHT, is MT IDA - this belongs to DELTA LITHIUM. The story goes like this. Red Dirt on ASX bought Mt Ida and RE-ASSAYED the old cores and found LITHIUM spod. Since then, they have have
a resource done. Also, nearby, Delta found more lithium. At Mt BEVAN, at the TOP of Mt Ida, Gina Rinehart has done a JV there , also looking for lithium.
A/c to the Delta CEO, this is the HOT LITHIUM CORRIDOR. Rio Tinto is now looking for lithium in this area and has a huge licence area.
On 13 Dec 2023, Delta of ASX, Australia put out an RNS that "1 Min Res increases stake to 24.27%." Link: https://www.hotcopper.com.au/asx/dli/ [To check the RNS].
WALTON
https://www.empiremetals.co.uk/project/the-walton-copper-gold-project/ [To check where EEE's Walton is --ON THE RIGHT OF WALTON IS MT IDA.
My Comment:
Mr Bunn also said he is concentrating on EEE's Pitfield Titanium project. In the past, he said that he is open to JV's to unlock value for the other projects of EEE. It could be there is interest given that 1 Min Res has INCREASED their stake and that RIO is now concentrating from moving from IRON ORE to LITHIUM. If there is interest, say, then some prelim work has to be done eg soil sampling, general survey to look for swarms, ROCK samples to be assayed before a co does a JV? I am not privy so have to wait for Mr Bunn to reveal more about WALTON.
Prior to this RNS as above from Min Res , the BILLIONAIRE HAD 19.1% OF DELTA and GINA RINEHART HAS 12.07% and Japan's Idemitsu has 12.5%. Ref: " Billionaire Ellison said he would trade gold for lithium."- 29 Nov 2023 , Australian Financial Review.
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