Short Term trading week starting 25th Jan, page-184

MPJ- Seems the big acquisition of lithium ground next to AJM and PLS by MPJ was anticipated with stale sellers crowding the queues to offload... as a consequence risies today seem to have been curtailed.

here the Ann ...


January 28, 2016

Mining Projects to acquire the Pilbara Lithium-Gold Project in WA

Pilbara adjoins the lithium projects of both Pilbara Minerals and Altura Mining
Mining Projects Group Limited (ASX: MPJ) is pleased to announce that it has agreed to acquire the “Lynas Find Assets”to be renamed the Pilbara lithium-gold project (Pilbara) in WA’s Pilbara region from Tyranna Resources (ASX: TYX) and Tribal Mining Pty Ltd.
Pilbara adjoins both Pilbara Minerals’ (ASX: PLS) Pilgangoora lithium-tantalum project (52.2Mt @ 1.3% Li2O & 32.9Mt 0.0022% Ta₂Oƽ)₁ and Altura Mining’s (ASX: AJM) Pilgangoora lithium project (26.06Mt @ 1.2% Li2O)₂ [see Figures 1 and 2] .
The project’s northern tenements border Pilbara’s spodumene deposit, where recent drilling is less than 500m from the tenement boundary. Spodumene is a mineral which hosts lithium. Pilbara Mineral’s spodumene lithium bearing deposit is internationally recognised and has defined an emerging lithium region.1