Acquired two lithium projects in James Bay, a highly prospective region hosting large, high-grade established lithium resources
Projects are close to exciting discoveries made by Patriot Metals and Winsome Resources
Both James Bay projects sit on similar greenstone extensions of structures hosting high-grade intersections
Plan for infill and expansion drilling on Mitre Hill, whilst simultaneously targeting maiden drill campaign in James Bay to commence within months
Australian project, Mitre Hill has a robust 21 Mt clay-hosted REE JORC resource announced Feb 2023
CANADIAN PROJECTS – James Bay Lithium District, Québec
Wali Project
- The Wali project covers an area of 51km2
- The greenstone belt within the project is interpreted to be a ‘dismembered’ section of the same belt that hosts Patriot’s CV5 discovery, just 16km to the West
- Greenstone occurs at contact between tonalite to the south and granodiorite to the north supporting project’s prospectivity
- Wali Project sits within the Guyer Formation Volcanic Belt with multiple pegmatite injections
- Outcropping pegmatites noted
Ernst Lake Project
- The Ernst Lake project comprises 109 mineral claims and covers an area of 56km2
- The greenstone belt within the project is interpreted to be the south section of the same belt that hosts Winsome’s Adina discovery, 13km to the North
- Project is contiguous with Loyal Lithium’s Trieste project
- Outcropping pegmatites noted within the amphibolite and pegmatites recorded within the greenstone belt
AUSTRALIAN PROJECT – Victoria/South Australia
Mitre Hill Project
The Mitre Hill tenements account for 7,022km2 that are prospective for clay hosted Rare Earth Elements (REE) within the southern margin of the Murray Basin, the Project consists of four (4) granted tenements in Victoria, one (1) granted tenement in South Australia and twenty-five (25) applications in Victoria.
The main economic target is clay hosted Rare Earth deposits, with possible economic concentrations of Heavy Rare Earths considered strategically important given global supply modelling.
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