QXRs Turner River and Western Shawexploration leases will soon total 165 km2 and are at various stages of development. They are in good company in this booming, lithium rich region.
They are nearby large-scale lithiummining operations, operated by global miners.
Pilgangoora Mine
Pilbara Minerals ASX: PLS (Marketcap $11.07 bn & share price $3.72 today)
The Pilgangoora orebody is one of the largest hard rock lithium deposits in the world and isconsidered strategically important.
Wodgina Mine.Pilbara Minerals / Albermarle: ASX MIN (Market cap $12.39 bn & share price $65.62 today)
Planned to re-open after being idled (due to low lithium price at the time in 2019).Wodgina ranks behind only the Greenbushes mine (near Perth) – owned by Albemarle, Tianqi andIGO Limited – in its ability to produce large volumes of lithium-rich spodumeneconcentrate.There is plenty of other exploration going on in the region too:
The Marble Bar Lithium Project.
Global Lithium Resources ASX: GL1 (Market cap $276.4 m & shareprice $1.55 today)
Focussed on exploring the Archer deposit, comprisingspodumene bearing pegmatites over 3km by 1km. In June 2020, the companyreported a maiden JORC 2012 Inferred Mineral Resource of 10.5 million tonnes at 1.0%Li2O following three reverse circulation(RC) drill programs.
Plus exploration projects nearby to from more juniorsat:
-Soanesville
-Tambourah
-White Springs
-Coondina
-Shaw River
-Moolyella
-Haystack Well
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