Sovereign Gold Limited (ASX: SOC)
We’ve said it before and we’ll say it again, gold and lithium are running pretty high.
One $9 million ASX listed company that is looking to capitalise on the current healthy climate of these commodities, and has collected a suite of early stage, high potential projects.
The first is a Canadian hard rock lithium exploration project, which is being drilled right now.
First results gave up a 50m lithium bearing pegmatite, continuous from surface, with visual lithium bearing spodumene of around 20%… and the drill rig is expecting to produce more results over the coming weeks.
Then there is a lithium brine project in Clayton Valley, Nevada, right in the middle of Tesla and Albemarle’s territory, which will be prodded with the drill bit shortly.
Once the weather clears up, drilling is also expected in the coming weeks at this ASX stock’s southern NSW gold project, to determine it’s near term cash flow potential.
This tiny ASX stock is moving aggressively to prove up all three of its projects and it intends to do so while demand is still hot for both lithium and gold.
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The company has substantial news flow and potential catalysts to come including continued drilling over the coming weeks.
Management is determined to see the company advance on all three projects and return value to shareholders through a bigger and better valuation.