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Kidman is exploring for lithium at the Earl Grey deposit near Southern Cross.

Kidman to buy more Western Areas tenements

Kidman Resources has entered into an agreement to farm-in to 19 lithium-prospective tenements in Western Australia owned by nickel miner Western Areas, with the scrip-and-spend deal worth up to $11.6 million.

Kidman will issue 6.3 million shares to Western in order to earn-in to the tenements, which lie adjacent to Kidman’s Earl Grey lithium deposit near Southern Cross.

At Kidman’s opening share price of 42 cents, the deal would be worth $2.6 million.

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Annual production

18th↓Doray Minerals84
19th-Excelsior Gold13
20th-Kidman Resources6
28 gold miners ranked by annual production to june 30, 2016 ('000 ounces)

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