ASX-listed Pioneer Lithium is expanding its Canadian portfolio with the strategic acquisition of the Benham greenfield exploration project, in north-west Ontario.
The company executed an option agreement with Mr Wayne Benham to purchase the project, comprising 30 claims totalling 1 245 ha.
The project is located about 70 km from ASX-listed Critical Resources’ Mavis Lake lithium project, which comprises more than 20 lithium/caesium/tantalum pegmatites.
Pioneer Lithium’s immediate focus will be to conduct early exploration fieldwork activities, including prospecting, mapping and the collection of rock chip samples. Given the existing infrastructure and proximate location to townships, it is expected expenditure in the order of C$25 000 will be incurred.
Following completion of this fieldwork and analysis of the results, Pioneer Lithium will determine the extent of any future exploration activities.