NEWS IMMINENT!!!, page-4

So all that Wodgina land over the fence in that photo that is the spodumene filled rectangle of Stannum is full of lithium?? Who woulda thought?? Does that make the likelihood of our team finding heaps of lithium there highly likely??
Tailings turn heads at Wodgina

• THE AUSTRALIAN
• 12:00AM JUNE 16, 2016
• SAVE
• PRINT
• Paul Garvey
  
  Resources reporter
  Perth
  https://plus.google.com/109431400251128372873
  

The boom in lithium prices has given rise to talk in recent months that the old Wodgina tantalum mine, in the centre of the Pilbara region’s hottest lithium acreage, could be up for sale.
Global Advanced Metals, which is backed and controlled by private equity group Resource Capital Funds, put Wodgina into care and maintenance back in 2012 in response to weak market conditions.
Wodgina’s history dates back to 1902 and it has been mined over the years for tin, beryl and, particularly since 1989, tantalum.
Lithium has never been a focus at Wodgina but as Pilbara Mining, Altura Mining and other lithium explorers working in the area have demonstrated, the region is rich in it.
The leftover tailings at Wodgina are said to run at around 1 per cent lithium. Given there’s almost no mining cost associated with recovering the tailings, they could be attractive to a player looking for a piece of the red-hot lithium market.
There’s some speculation in Perth that the Chris Ellison-led Mineral Resources, which is developing the Mt Marion lithium mine near Kalgoorlie in joint venture with Neometals, might be sniffing around the Wodgina tailings.
MinRes has the balance sheet to do something and plenty of the experience needed to bring the Wodgina tailings quickly into production as a lithium story.
Its success at Mt Marion has given it a taste of lithium and, more importantly, the lithium market connections needed to secure a customer quickly. MinRes and Neometals have secured offtake agreements with Chinese lithium producer Jinagxi Ganfeng, which is said to be hungry for more supply and which is open to a wider range of product specifications than many other lithium end users.
MinRes has a record of moving quickly and unexpectedly.
Late on Tuesday it announced a surprise deal to buy a 19.4 per cent stake in Perth Basin producer Empire Oil & Gas for $8.9m, marking its first official foray into oil and gas.
Either way, with the lithium market running as it is there’s plenty of interest in Wodgina’s lithium potential, and the Resource Capital Funds team certainly have a nose for a deal.