Looking at smaller juniors that have at least done some drilling, JBmurc have any views on Metals Australia (MLS)?
From HC comments they have jumped around on what mineral they are targeting and some are certainly viewing it as a management lifestyle company. They are now focusing on Lithium (WA) plus Graphite (Canada) with smaller intercepts at Mulgara (8m @ 1.0%, 7m @ 1.29%). They are planning 3500m RC drilling at their foundation prospect. There's a 20:1 consolidation in a few days that move the price back up to the 4-6c range (based on current 0.02/0.03 quotes). The description of the foundation target is a bit odd in that the maps show a typical skinny long Pegmatite. The text quoted is "Additional, systematic, rockchip sampling programme now planned to test the entire 500m x 200m extent of the foundation pegmatite cluster..." Is it narrow (say 10-20m wide) or does it have a massive width (200m) which if combined with depth would put it into the multi million ton's (if assay results are also good - a big if).

Being new to this space, two bits I'm not sure about are whether holding a mining licence already (from Zinc?) would make it quicker or easier to start mining Lithium from an approvals perspective (or mean a takeover from someone with capital could be a possibility). Also is it a huge red flag or just a normal progression that floatation testing is only concentrating to a grade of 3.05% which is fractionally under half the sort of Spod grade I'd have expected.
Disc Not held.