Lightning Minerals acquires highly prospective Canadian lithium projects
Melbourne, Victoria
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August 14, 2023 02:30 PM Eastern Daylight Time
Lightning Minerals Ltd (ASX:L1M) CEO Alex Biggs tells Proactive the company has entered an agreement to acquire two projects in the prolific lithium region of James Bay, Quebec, Canada, providing a major boost to the company’s strategy of developing a portfolio of high-quality lithium and critical minerals assets in tier-one jurisdictions.
L1M has entered a binding Letter of Intent with the project vendors, Lithium Rabbit Quebec Pty Ltd, to acquire 100% interest in the two James Bay projects — the 47-square-kilometre Dalmas Project and the 32-square-kilometre Hiver Project.
Biggs said: “We’re excited to have begun our follow-up RC program immediately post-completion of our aircore drilling on E63/2001.
“The speed at which we have pivoted to RC drilling is a demonstration of our confidence in the pegmatite intersections we are seeing and our desire to complete our exploration quickly and effectively.
“Drilling below the weathered lithology encountered during our aircore drilling presents the opportunity to now target fresh rock, gain an understanding of pegmatite orientations and test the potential for LCT mineralisation.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
