Lithium Australia NL (ASX:LIT) has made significant recent advances in expanding its Australian interests.
- Acquiring lithium rights at Widgiemooltha (WA) with Cazaly Resources
- Doubling the exploration footprint around Greenbushes
- Take over Lithophile P/L to expand in the Gascoyne Complex, and
- Application for exploration permits on Cape York, Far North Queensland
UNRIVALLED EXPLORATION PORTFOLIO
Australia has an enormous untapped potential for lithium mineralization and Lithium Australia is well placed to capitalize on that potential. In addition to the recent acquisitions, the portfolio includes:
- Ravensthorpe, WA (adjacent to the Mt Cattlin lithium mine)
- Greenbushes, WA (adjacent to the world’s largest lithium producer)
- Coolgardie, WA (site of past lithium mining)
- Kalgoorlie, WA (exploration with Cazaly Resources)
- Pilgangoora, WA (processing agreement with Pilbara Minerals)
- Pilbara, WA (exploration with Venus Metals)
- Seabrook, WA (JV with Tungsten Mining)
- Bynoe, NT (exploration in historic tin/tantalum field)
LIT has a strong focus on geological controls for lithium mineralization and has used advanced modelling (both geological and geophysical) in developing prospective targets. These techniques were particularly important in formulating the recent permit applications in Far North Queensland, where lithium exploration has not been previously undertaken.
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