Plymouth Minerals (ASX: PLH)
With a JORC Resource on track for formal delivery in the coming months, one ASX listed company is fast tracking its lithium project in San Jose, Spain as it looks to enter into the European lithium supply race.
The company has entered a market that has no internal suppliers and that could very well be looking for a local, near-term lithium producer.
This $35 million capped company is operating in a very mining friendly Spanish jurisdiction, but also working in its favour is a close-knit relationship with a big-hitting billion-dollar construction company and mining aspirant, the IBEX 35 listed $1.1 billion capped Sacyr.
The company has over 10,000 metres of drilling data at its disposal at its San Jose Project, with the last tranche of 2,000 metres having been completed just weeks ago.
This drilling was part of the confirmation work required to bring pre-JORC resource work into the ASX reporting sphere.
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The company also has a potash play in Africa in the works, just to ensure it has a diversified offering in two high demand markets.
However it is the lithium play which is gaining most attention currently as it looks to bring its JORC to bear with a deposit that is open at depth and along strike.