https://www.miningweekly.com

Liontown expands prospective lithium footprint with new acquisition

20th August 2018

By: Creamer Media Reporter

     

Font size: - +

ASX-listed Liontown has entered into an agreement to acquire a new project immediately west of its Buldania lithium project, extending its exploration footprint in the Eastern Goldfields of Western Australia to about 400 km2.

Liontown announced on Monday that it entered into a sale agreement with fellow listed Matsa Resources, which gave it the right to all minerals at the Killaloe project.

No previous lithium exploration has been conducted on the project, but Liontown pointed out that it covered the same stratigraphy as its Buldania project, where drilling earlier this year discovered significant spodumene-related lithium mineralisation.

The company’s initial focus at Killaloe would be geological mapping and sampling to define targets for drill testing in the fourth quarter.

Liontown would acquire the rights to Killaloe by issuing 20-million shares, at a deemed price of 3c a share, to Matsa.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.045 0.647s - 110pq - 2rq
Subscribe Now