Reedy Lagoon Corp. (ASX:RLC)
Nevada is known for its favourable brine chemistry and given its centrality to the likes of Tesla, could one day be a major source of supply for car manufacturers and electronics giants.
That’s why this tightly held ASX junior has entered the fray, securing three highly prospective lithium projects in the region.
Importantly, its flagship project is only 10km from the $15.8 billion capped Albermarle’s Silver Peak.
Today’s company has a second project within 50km of Silver Peak, suffice to say this is a company in the right space at the right time.
Not only are the company’s projects near Albermarle’s, its tenements are known to be located above favourable brine chemistry, which indicates a very competitive production cost and low CAPEX.
The numbers are looking good for this $9.8 million capped junior as it seeks to capitalise on the current hive of activity in Nevada.
The information on this page should not be the only trigger for your investment decision. Click on the link below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
Today’s company is targeting 15,000t of annual production at its projects within the next 1-2 years as its sets off on a path to revaluation.
With a solid array of lithium projects in a region that could feed lithium to the likes of Tesla for many years to come, we expect to see a flood of news to come.
Can Drill-ready Lithium Brine ASX Junior Step Out of $15.8BN Albemarle’s Shadow?
Nov 10, 2017
One tightly held ASX-listed junior seems to be well-briefed with regards to the growing opportunity in lithium (specifically in Nevada) and last year secured three highly prospective lithium projects in the region.
CPH Gets Green Light to Distribute its Innovative CBD Based Nutraceutical Products in the UK
Jan 18, 2018