SensOre Ltd (ASX:S3N) will this week change its name to Premier1 Lithium Ltd and its ticker to ‘PLC’ with the alterations to be effective from Wednesday, February 7, 2024.
The company has now received all relevant approvals to implement the name change.
ASX has, however, advised the company that the previously reserved ASX ticker code ‘P1L’ is no longer available and has reserved the ticker ‘PLC’.
READ: SensOre to split exploration and technology divisions; name change to Premier1 Lithium
“Transformation”
SensOre CEO Richard Taylor said: “The change of name and ASX ticker code is the last step in our transformation into Premier1 Lithium.
"The team is excited about the drilling campaign commencing at Abbotts North shortly and the prospective portfolio of projects coming behind it.”
The rebranded company is set to begin a first-pass drill program to test for lithium at the Abbotts North Project in Western Australia after new pegmatites were identified during a soil sampling campaign.
There were 600 samples gathered during a first-pass lithium-targeted soil geochemistry program.
READ: SensOre readies for first-pass RC drilling for lithium at Abbotts North next month
Reverse circulation (RC) drilling is scheduled to begin this month after site mobilisation was scheduled for the end of January.
All heritage and environmental approvals are on track to facilitate the first-pass drilling with around 2,000 metres of drilling planned to test for lithium mineralisation continuity at depth and assess pegmatite scale, geometry and mineralogy.
Growing potential
Taylor previously said: "The potential at Abbotts North continues to grow for us.
"We have barely scratched the surface in terms of the area’s potential and we are encouraged that with every field program, we are seeing new opportunities emerge.
"These results set the scene for our drill program in February.”