From Landore Resources website is another view on the underlying geology and area. Landore have kept the southern and SE portions of what they held (these areas have gold prospects) and have passed on the top and western side where known lithium bearing pegmatites have been mapped. The lower boundary of GT1's new claim is the upper line of yellow. Landore has done the work to have mining leases for the yellow areas. Their baseline studies may be useful in speeding up consenting if there is anything useful found in the area.
IMO its critical that GT1 keep a good working relationship with Landore, firstly so that if something is found they can draw on anything in the previously completed environmental studies that resulted in adjacent mining leases and potentially assist permitting. Secondly because there's a distinct chance of a subsequent deal whereby GT1 explore on the mining leases for lithium/Tantalum and pass on assay results for all other minerals including gold to Landore. Through an arrangement like this Landore would effectively get free gold assay results. If GT1 did find lithium in other locations, it would be on a Mining lease. A lot of the mining lease Landore has is in that higher lithium probability zone of greenstone next to Granite.
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Ann: Lithium Option Signed for Project Adjacent to Seymour, page-6
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