Lithium Australia expands in WA with acquisition
JOHANNESBURG (miningweekly.com) – ASX-listed Lithium Australia has expanded its lithium holdings throughout Western Australia with the acquisition of additional acreage in the prospective Gascoyne region.
The company reported on Monday that it had acquired three new prospects by taking over of private company, Lithophile.
The prospects were all located within a recognised area of high lithium potential in the Gascoyne complex, located 750 km north of Perth.
“This acquisition continues Lithium Australia’s long-term strategy to procure alternative lithium sources to feed a Western Australia-based lithium chemical industry. We recognise the variability in ore types and chemistry present an immense challenge, but the company’s research will create the most effective union of processing technology and ore types,” said MD Adrian Griffin.
Lithium Australia made its first exploration licence application in the Gascoyne early this year. Further applications lodged by Lithophile attracted Lithium Australia’s attention, as the ground covered by the Lithophile exploration licence applications showed a strong parallel with the company’s own exploration model for the Gascoyne region.
Lithium Australia has subsequently acquired all the issued capital in Lithophile to expand its footprint in the Gascoyne complex where a large number of rare metal pegmatites have been previously explored for tantalum, niobium, tin and tungsten.
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