JOHANNESBURG (miningweekly.com) – ASX-listed Tawana Resources has exercised its option to acquire 100% of four lithium tenements at its Western Australia-based Cowan and Yallari projects.
The Cowan project comprises three tenements totalling 159 km2.
The tenements are adjacent to and surrounded by Tawana’s Bald Hill mine, where lithium production is expected to start this year.
“We are currently focused on drilling out a maiden lithium resource reserve at the Bald Hill mine, in Western Australia, in preparation for mining, and the neighbouring Cowan lithium project includes a significant portion of the same large rare metal pegmatite belt with targets for future resource drilling,” MD Mark Calderwood said.
The fourth tenement is a 41.2 km2 application which forms part of the company's Yallari project. No exploration for lithium has been undertaken to date; however, the project is considered highly prospective.