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NickelX Limited (ASX: NKL) has retracted its previous statements regarding visual estimates of spodumene and lithium-bearing minerals and specific references to drill holes from the announcement on 4th July 2023, clarifying that the results can't be reported under the 2012 JORC Code.
Investors are advised not to rely on the aforementioned retracted statements.
NKL is currently working with Aurum Discovery Limited and CSA Global on further due diligence matters during the Option Period, including permitting, stakeholder engagement, modern exploration and development techniques, and development strategies, and building human capital.
Nickel X has secured exclusive rights to fully acquire an advanced Nickel and Hard Rock Lithium exploration project in Central Europe, close to where 27 lithium battery "Gigafactories" are slated to be constructed by 2030.
The Ransko Nickel-Copper-Cobalt (Ni-Cu-Co) project covers 6.93km2 and contains rich historical dataset from 7 known sulphide deposits; it's a beneficiary of the EU €7.5M funded SEMA CRET Project which aims to promote the exploration of Critical Raw Materials in the EU.
The Otov Hard Rock Lithium project covers 18.1km2, featuring significant lithium mineralisation indicated by historical feldspar mining at the Otov1 pegmatite deposit, which is one of 17 mapped pegmatites in the permit area yet to be explored using modern techniques.