Reedy Lagoon (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.
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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.