Hi MeToo, had a laugh from this on the ProspectusCompany and ProjectsOverview
The Company’s strategy has focussed on mineral exploration activities since 2010, during which time it has pursued several opportunities, including:
(a) the Hamersley Iron Project in Western Australia (its previous flagship project)
Cape Lambert Resources Limited On 26 November 2019, Cape Lambert Resources Limited lodged an application for forfeiture against M47/1450, the mining lease the subject of the Hamersley Iron Project, alleging non-compliance with the minimum expenditure obligations imposed under the Mining Act 1978 (WA). On 20 December 2019, the Company lodged with the Western Australian Department of Mines, Industry Regulation and Safety its annual statutory expenditure report in relation to M47/1450, reporting expenditure in excess of the minimum expenditure obligations and in compliance with the Mining Act 1978 (WA). The Company therefore considers the application by Cape Lambert Resources Limited to be without merit. The Company’s Board is currently defending these claims, however the Hamersley Iron Project is considered by the Board to be immaterial as at the date of this Prospectus. Additionally, the application for forfeiture is not expected to have any material impact on the Company’s ongoing works or expenditure programs.(b) the Lomero Project in Spain;
(c) the Bloom Lake Project in Canada; and(d) the proposed acquisition of the Luapula Processing Facility in the DRC
. For various reasons, none of the above mentioned projects have been pursued by the Company. The Company retains an interest in the Hamersley Iron Project and the Bloom Lake Project (the Existing Projects), which are further described in Section For Various reasons REALLY
Looks like they have given up on Hamersley, at least it will still be held by a WEST PERTH based company
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Price($) | Vol. | No. |
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LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
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