Large selldown after metallurgy results were released. A few points

• Appears HLS/DMS was not a success and need to use floation
• Iron content head grade over 1%. Need something below that
• Recovery using floation is over 80% for 5.6% Li2O and Fe of 2%

Azure to look at further removal of Fe using Magnetic separation. And there was mention of Ore sorting -orange flag?? etc.

Results bit disappointing. But still early days..

Today some drill results also were announced. No trading halt and the intersects were good but not as amazing as the first discovery announcement

Area 3 looks promising, Area 2 however is small.

The results and metallurgy further prove that there are still challenges faced in increasing the supply of Lithium, even for large significant discoveries such as Andover.

Have also noticed in IQ Pro, a past director that retired 2 years ago and a few other large holders has sold about a few weeks ago. If only I picked that up last week!

Given the recent price action and events, I took the opp to exit on the price spike but will still keep watch.

Maybe stick to Base metals, or even better, Gold!

[not held]