Mila Resources "extremely excited" about Liontown lithium deal
London, UK
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July 27, 2023 08:43 AM Eastern Daylight Time
Mila Resources PLC (LSE:MILA) executive director Mark Stephenson speaks to Thomas Warner from Proactive after the post-discovery gold exploration accelerator announced a new agreement with ASX-listed Liontown Resources.
The agreement gives Liontown the option to explore for lithium on the Kathleen Valley Licence Area in Western Australia, where Mila is primarily focused on gold and precious metals. Stephenson highlights the significance of this opportunity for Mila's investors, saying that it opens up a whole new avenue within their existing acreage.
He adds that through Liontown's exploration for lithium, Mila will gain access to valuable data that can help assess the potential for gold resources in the area as well. While the extent of lithium mineralization remains uncertain, Liontown's serious involvement and sizable market capitalization indicate promising prospects.
As the collaboration progresses, Mila retains ownership of all gold and precious metals, making this partnership a potentially rewarding venture for the company.
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