KALGOORLIE (miningweekly.com) – Junior St George Mining has completed the acquisition of seven hard rock lithium projects in Western Australia.
The company earlier this year announced the transaction with unlisted Chariot Corporation and Stallion Lithium to acquire the 14 exploration licences which cover a total 653 km2 of tenements.
The projects will be owned by St George through its wholly owned subsidiary Lithium Star.
“The acquisition of these projects, through our wholly owned subsidiary, Lithium Star, is in line with our strategy to build a high-quality portfolio of lithium assets in tier 1 jurisdictions like Western Australia,” said St George executive chairperson John Prineas.
“Five of the new projects are located in the southern portion of the Yilgarn Craton, an area gaining a global reputation as a ‘super province’ for lithium with three spodumene-producing mines and five others in development.
“Exploration ground in this region is highly sought after. We will aim to unlock the lithium potential of these new projects with systematic exploration, alongside ongoing drilling and exploration at our advanced Mt Alexander project.”
The junior company will launch exploration programmes at all of the new projects in the coming weeks, subject to the receipt of heritage approvals.