https://www.engineeringnews.co.za

Liontown buys another lithium/tantalum project

4th February 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed junior Liontown Resources has acquired a second lithium/tantalum exploration project, this time in the Northern Territory.

Liontown on Thursday revealed that it would acquire the Bynoe project from privately held Orema for an initial signing fee of A$10 000 in cash, and a A$100 000 cash payment at any time within 19 months of executing the agreement.

The acquisition of Bynoe comes just months after Liontown acquired the Mohanga lithium project, in Tanzania, with the company telling shareholders this week that the Bynoe acquisition would complement the Mohanga purchase.

The Bynoe project comprised two separate exploration licences covering a total area of 80 km2, and it was located in close proximity to significant transport infrastructure.

Liontown noted that although previous exploration work at the tenement area had focused on tin and tantalum, lithium minerals had been reported at several prospects in the immediate area, including the Picketts prospect within the option area.

No location or assay data had been provided in the report that described the lithium occurrences.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

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







301

sq:0.053 0.929s - 140pq - 2rq
Subscribe Now