PERTH (miningweekly.com) – ASX-listed Tawana Resources will pay the vendors of the Cowan and Yallari lithium projects, in Western Australia, A$1-million in cash and issue A$1-million worth of shares.
Tawana earlier this month said it would exercise its option to acquire the Cowan and Yallari projects, which are adjacent to the company’s own Bald Hill mine, where lithium production will start this year.
Cowan comprises three tenements totaling 159 km2, while the 41.2 km2 Yallari project comprises one tenement.