Lightning Minerals will have boots on the ground next month in Canada
September 28, 2023 at 09:31 pm IST
Share
(via NewsDirect)
Lightning Minerals Ltd (ASX:L1M) CEO Alex Biggs tells Proactive the company has successfully completed due diligence on its planned acquisition of the Dalmas and Hiver lithium projects in James Bay, Quebec, Canada, and will move to enact exploration plans. A final definitive acquisition agreement has been executed and completion of the deal is imminent. The company now turns its attention to Phase 1 work plans which will begin in the coming weeks prior to the onset of snowfall.
Biggs said, “Completion of due diligence on the Dalmas and Hiver Projects is an excellent step forward for the company. We now turn our focus to our phase 1 work program on both project areas, further investigating the target areas we have identified through our multispectral analysis works.
“We look forward to adding Dalmas and Hiver to our project portfolio which will give the company ground positions in two of the most promising lithium regions globally.
"The James Bay region is currently the most prolific lithium region on the planet and to acquire assets in such a prospective region is a coup for the company and presents excellent optionality and upside for the business”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Lightning Minerals Limited is an Australia-based mineral exploration company. The Company is focused on the exploration of critical minerals and lithium at its tenements across Western Australia. Its flagship Dundas Project is located in the Dundas region of Western Australia. Its Caraibas and Sidronio Lithium Projects are located in the Eastern Brazilian Pegmatite Province that encompasses about 150,000 square kilometers, stretching from Bahia state to Rio de Janeiro state. The Company also owns the Dalmas and Hiver lithium projects in Quebec, Canada, another significant and evolving lithium region globally as well as other projects in Western Australia which include Mt Jewell, Mt Bartle and Mailman Hill, which are prospective for base metals and critical minerals. The Dundas Project is 454 square kilometer land holding in Western Australia that is prospective for lithium and critical minerals. The Caraibas Project consists of five separate tenements covering about 1,733 hectares.