This is a great conversation about real exploration with Don Smith from Lithium Consolidated Limited (ASX: Li3).
The company's projects are not of the mega-scale but it has great technical potential.
In recent years, there have been many projects claiming to have the 'nearology' title but few can stand up when you look at the technical aspects of the claim.
However, when you look at what Li3 has it is a different story – they have a great old big heat source in association with a structurally altered greenstone group of rocks and this is the best combination.
Whether you get a deposit out of it is another matter, however, without those factors, you are already starting way back in the line.
Little to no cover is another great asset and with the combination with the other geology makes the projects worthy of being a watchlist.
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