Under the deal, POSCO Holdings is set to acquire a 30% stake in MinRes’ operational lithium business.
The agreement includes a 50:50 profit share arrangement between Star Minerals and Bain Global Resources.
The Gossan Valley project is located around 7km south of the Gossan Hill mine at Golden Grove in WA.
The Taguas property comprises 15 mining concessions covering around 3,274ha within the renowned Andean mineral belt.
The company drilled five holes, targeting a 60km corridor of graphitic conductors.
