After a hyperspectral survey, Askari Metals has lit up multiple lithium targets at the company's newly acquired Myrnas Hill lithium project in WA's Pilbara region. The targets — including one high-priority structure with a strike length of 1.2km — will be the focus of an upcoming field expedition as the company looks to get its boots on the ground as soon as possible.
Lithium and gold explorer Octava Minerals hit the ASX boards today opening at $0.27 as it eclipsed its issue price of $0.20 by 35 per cent. After a fully subscribed initial public offering the company successfully raked in $6m with most of the funds earmarked for exploration at the company's flagship Talga lithium joint venture in WA's East Pilbara region.
Shares in Warrick Hazeldine-chaired Global Lithium Resources have risen to a new high after major shareholder Mineral Resources lifted its interest in the business.
Lithium and gold explorer Octava Minerals is set to light up the ASX boards this Friday with a trio of projects across Western Australia, the world's premier mining district. The new listing kicks off with the company's flagship Talga lithium project just 10km north-east of ASX-listed Global Lithium Resources' Archer deposit of 10.5 million tonnes going 1 per cent lithium oxide.
Minister Bill Johnston says his department is having its own trouble recruiting staff to process exploration approvals, in response to industry calls for faster lead times to access ground.
Askari Metals has acquired ASX-listed Raiden Resources' Myrnas Hill lithium project in WA's highly prospective Pilbara region for a total of $200,000 in cash and shares, adding another lithium site to its portfolio. The company says its newly acquired project covers about 50 square kilometres and exhibits a geological setting strongly analogous to the nearby world-class Pilgangoora and Wodgina lithium mines.
Octava Minerals is preparing for its ASX debut next month as it seeks to exploit some early lithium shows just 10kms from Global Lithium's revered Pilbara lithium discovery. Octava has also pulled together a package of Kimberley and Mid West tenements in solidly mineralised terranes that are already jostling with battery metals big hitters and the company's Pilbara ground also has some intriguing historical gold drill holes that are begging for follow up.
Our board moves wrap includes Henko Vos, Deborah Ho, Michael Schmulian, Thomas Abraham-James, Ron Mitchell, Michael Rosenstreich, Dale Henderson, Ken Brinsden, Warren Hallam, Adam Lamond, and Michael Shirley.
WA-based explorer Askari Metals has kicked off a project-wide lithium exploration campaign at its Yarrie project in Western Australia's East Pilbara region. The program is designed to field test high-priority zones including a major target area measuring 32km by 13km. The company will start by mapping in addition to collecting stream sediment and rock chip samples.
Global Lithium secured new investment from Mineral Resources, Pantoro is set to bank $45 million ahead of planned first gold production, while Westgold raised $100 million to step up output.
Multi-element junior explorer Askari Metals has completed an expansive airborne reconnaissance site visit across its Yarrie lithium project in an escalation of its hunt for the highly sought-after white gold that sits at the heart of the EV minerals revolution. Located in Western Australia's Eastern Pilbara, the project spans more than 1,700 square kilometres and is surrounded by some of the most significant hard rock lithium deposits in the world.
Two Perth business people from very different backgrounds – fast food and corporate communications – have teamed up to establish a joint family office and private equity venture.
Ragnar Metals and Jadar Resources are conducting due diligence on tenements across the Pilbara region ahead of potential moves into the WA lithium fore.
Global Lithium Resources has attracted funding from one of the world's largest EV battery producers via a $13.6 million capital raise while Blackstone Minerals is on track to raise $60 million.
Perth company Global Lithium Resources is expected to close its $10 million initial public offering after just four days, signalling keen investor interest in its Pilbara project.
