In a very positive development, during the year we identified significant pegmatite-hosted lithium
mineralisation potential at our DOM’s Hill and Marble Bar gold projects in the Pilbara. In late 2021,
Kalamazoo entered a Joint Venture arrangement with the leading Chilean lithium producer, SQM, to
sole fund $12m of exploration expenditure which we are managing across these projects. This
exploration program commenced immediately on signing of the JV with geochemical soil sampling,
field work and an initial 4,000m RC drill program. We also expanded our lithium exploration to the east
coast of Australia with the grant of the 900km2
Jingellic Lithium Project located in the Lachlan Fold Belt,
southern NSW. The project geology is highly prospective for lithium and tin mineralisation and early
exploration activities have commenced.
This seems to be very cheap.
MC of 27M and SQM are investing 12M as an arn in on just one of the Lithium projects in the Pilbara.
Seems to me they should just put all the gold on hold and go pedal to the metal on Lithium?
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