"Castillo Copper set to acquire two lithium projects."- Market Herald, 29.9.21 [Type out the title to read and check as HC does not allow external links]
"According to the co, the project will diversify its portfolio and allow it to potentially create SIGNIFICANT VALUE during the global transition to renewable energy..."
"LITCHFIELD is in the Northern Territory and strategically neighbours CORE Lithium[CXO] Finniss lithium project which has f o u r spodumene lithium deposits and an ore reserve of 7.4Mt at 1.3% lithium oxide.
Based on SATELLITE IMAGERY ANALYSIS, there may be potential for lithium pegmatite bodies along Litchfield*s Northwest boundary which is the PRIMARY exploration target area."
--- "PICASSO The Picasso lithium project is around 50km from Norseman which is a well-known lithium producing region as it hosts TWO MAJOR LITHIUM MINES which has a combined resource tonnage of 97 million tonnes.
Further Picasso is 20km from LIONTOWN Resources[LTR] Buldania lithium project, which has a mineral resource of 14.9 million tonnes at 0.97% lithium dioxide.
The Geological Survey of Western Australia mapped granitic pegmatite at Picasso project which typically hosts lithium bearing- minerals like spodumene."
"Acquiring prospective lithium projects which complement the copper assets, arguably provides CCZ a strong COMPARITIVE ADVANTAGE moving forward, Mr Paull said." [MD,CCZ]
Read the rest of the article for the details of the agreement.
CCZ Price at posting:
3.7¢ Sentiment: None Disclosure: Held
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