Upcoming Price Catalysts ----------------------------------- Commencement of Drilling - Mid Jan Maiden JORC - 2nd Quarter 2018
Recent Diamond Drilling -------------------------------- Manono has the potential to host one of the world’s largest lithium rich pegmatite deposits. Initial diamond core drilling of 1,734m complete in June 2017, testing four of the six large pegmatites at Manono.
Results from diamond drill core include: • 250.9m* @ 1.48% Li2O, 913ppm Sn (Carriere de L’Est Pegmatite) • 235.0m* @ 1.66% Li2O, 1001ppm Sn (Roche Dure Pegmatite) • 202.8m* @ 1.57% Li2O, 1078ppm Sn (Roche Dure Pegmatite) • 65.9m* @ 1.51% Li2O (Tempete Pegmatite) • 45.7m* @ 1.59% Li2O, 1230ppm Sn (Mpete Pegmatite)
Corporate Snapshot ------------------------------ Shares on issue: 1,787,589,014 Options on issue: 461,450,057 Cash (Sept 2017): AUD$6.23 million Debt : AUD$6.3 millionn
Major Shareholders --------------------- Dathomir 13.6% Huayou Colbalt Group - 10.4%