Junior lithium play ESS owns the 100% owned Pioneer Dome Lithium Project north of Norseman in WA’s “lithium corridor” (reports Stockhead).
Activities are underway to get the Dome North resource ready for development in parallel with exploration activities, which are designed to grow lithium resources beyond the 11.2Mt at 1.21% LI2O currently found at the project.
Managing director Tim Spencer said what sets the newcomer out from the rest is that Pioneer Dome represents one of only 13 spodumene JORC mineral resources in Australia, and the only Australian lithium resource not yet committed under an off-take arrangement.
In an interview with Stockhead on the sidelines of the Resources Rising Stars Conference, he said he is not a big believer in thinking there will be hundreds of lithium deposits found in Australia anytime soon.
“Our project is the only greenfield discovery in that it has never been drilled before and was found on first principles,” he said.
In terms of market sentiment, Spencer said the last 12 months has been a reinforcement of the true, long term thematic of lithium.
“There are more believers in it and the fundamentals have been strong – the concentrate prices have reached all-time records and I suspect that the most recent correction is due to the old thing of ‘things that go really high eventually have to come back down’.”
