24 NOVEMBER 2021 ASX Release
ACQUISITION OF FURTHER HIGHLY PROSPECTIVE
LITHIUM PROJECTS IN EAST PILBARA
MinRex acquires 4 Exploration Licences and mineral rights to 3 Exploration Licences
in the Pilbara region highly prospective for Lithium-Tin-Tantalum.
HIGHLIGHTS
The total project area is 176.9km2 and the tenements within the area have extensive and
outcropping pegmatites which remain untested by modern day lithium exploration.
Tambourah North Lithium Project (E45/4953)
Lithium mineralisation hosted in pegmatites with significant assays from 0.22% to up 2.02%
lithium oxide, 1.75% rubidium and 1,276 ppm caesium (from 3 samples).
Tambourah Creek Project (E45/4275)
Hosting lithium mineralisation within pegmatites with spodumene assays of 0.74% lithium
oxide (from 1 sample).
Shaw River Lithium Project (E45/4601)
Historical heavy stream sediment sampling has outlined very high-grade Sn-Ta mineralised
zones (up to 42.2% tin and 3.41% tantalum, from 7 samples) within extensive pegmatite
occurrences.
Coondina Lithium Project (E45/4266)
Late-stage pegmatites swarms which principally host the tin/tantalum mineralisation. No lithium
exploration conducted over these pegmatites.
Soanesville Projects (E45/4455, E45/3926, and E45/5071)
Similar geological and structural features to Wodgina and Pilgangoora Lithium-Tantalum
Deposits.
Regional geological structure within E45/3926 is similar to Pilgangoora which hosts the Pilbara
Minerals Limited (ASX: PLS) Mining Operations ([email protected]% Li2O, 116ppm Ta2O5
).
No lithium exploration has been conducted over these tenements.
MinRex Resources Limited (ASX: MRR) (“MinRex” or “the Company”) is pleased to announce that it has entered into
a binding term sheet for the acquisition of 4 exploration licences (E45/4953, E45/4275, E45/4601 and E45/4266) and
mineral rights to battery mineral, tin and rare earth metals over 3 additional exploration licences (E45/5071, E45/4455
and E45/3926) with Abeh Pty Ltd (Abeh) and Maxwell Strindberg. A summary of the material terms of the acquisition
is set out in Appendix A. Further details of the tenements the subject of the acquisition are set out in Appendix B.
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