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Pantera increases acres leased in Superbird project

5th March 2024

By: Creamer Media Reporter

     

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Lithium developer Pantera Minerals has leased an additional 3 553 acres within the Smackover brine project area, expanding the acres leased within the lithium target area Superbird by 26%.

The total net leased acreage position is now rapidly approaching 20 000 leased acres, paving the way for initiating the unitisation process.

“We have an opportunity to participate in a new foundational industry in Arkansas, the Superbird project now boasts an impressive total of more than 17 000 net leased acres, a significant achievement made possible through the strategic utilisation of the exclusive 50 000-acre abstract agreement,” comments chairperson Barnaby Egerton-Warburton.

The Pantera project has established a conceptual exploration target ranging from 436 000 t to 2 966 000 t of contained lithium carbonate equivalent within the project’s 50 000 acre exclusive abstract area, which houses the Superbird project.

The estimate is based on lithium concentrations ranging between 225 mg/L and 450 mg/L with a median value of 338 mg/L, showcasing the potential world-class scale of the project.

The project is situated in the Smackover formation in south-west Arkansas, a renowned high-grade brine formation. This area is home to various lithium brine explorers and producers, including industry leaders such as Exxon Mobil, Standard Lithium, Tetra Technologies and Albemarle.

Edited by Creamer Media Reporter

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