Cobre buys another WA lithium project
PERTH (miningweekly.com) – Lithium developer Cobre Montana has added another prospective project to its project portfolio, this time acquiring an exploration licence near Ravensthorpe, in Western Australia.
The project, the fifth lithium investment for Cobre in Western Australia, was being acquired from Dempsey Minerals.
The junior told shareholders on Wednesday that the licence area contained a significant proportion of cocanarup pegmatite field, which hosted lithium and rare metals, and formed part of a geological suite hosting the nearby Mt Cattlin lithium project of Galaxy Resources.
Cobre said that it was hopeful of repeating its recent success in extracting lithium from micas at Lepodolite Hill, near Coolgardie, and the Cinovec project, in the Czech Republic.
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