CXB has massive potential here for lithium niche sector.
(WA produces 1/3 of the worlds lithium carbonate battery grade.. Chinese Company )
ASX Announcement
27 January 2015
Cobre Montana takes strategic foothold in world major lithium production area south of Perth
Highlights:
Exploration licence lodged for area contiguous with the world’s largest lithium mine – Greenbushes (1/3 of world output), 200km south of Perth
ELA extends 50km from Donnybrook to Bridgetown along the structural corridor that hosts Greenbushes
The application ground covers pegmatite swarms at :
o Brookhamption o Kirup (Mullalyup)
o Koala Road
o Greenbushes South, and others and in places abuts the Greenbushes production areas.
High potential to discover another Greenbushes or lithium mica occurrence.
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- STT Weekend Lounge 1-3 May 2015
STT Weekend Lounge 1-3 May 2015, page-29
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