Pioneer Dome (ESS) on a Similar Development Path to Finniss (CXO)

Essential Metals Ltd (ASX: ESS) is a mineral exploration and development company, with its main focus being on its flagship project, the 100% owned Pioneer Dome Lithium Project, located in a “lithium corridor” including the Mt Marion mine operated by Mineral Resources Ltd (ASX: MIN), the Bald Hill mine operated by Alita Resources Ltd (SGX: 40F) and the Buldania project developed by Liontown Resources Ltd (ASX: LTR). ESS’s assets portfolio also includes the Golden Ridge gold project (100% owned), the Acra gold project JV (30% free carried) and the Blair-Golden Ridge nickel JV (ESS 25%).

The key elements of ESS strategy are as follows:

1. Increase mineral resources through extension of Pioneer Dome mineralisation or the discovery of new deposits within ESS tenement
2. De-risk the project through evaluation and development studies
3. Advance the project toward final investment decision

Key outcomes if successful

1.  Advance a lithium project attractive to financiers and off- takers
2. Deliver a high-quality lithium mine with strong financial returns to shareholders