MinRex Resources has agreed to acquire four exploration licences, along with mineral rights to three exploration licences, in Pilbara, Western Australia, from Abeh and Maxwell Strindberg.
According to the deal signed with Abeh, MinRex will acquire the exploration licences of the Tambourah North lithium project (E45/4953), Tambourah Creek project (E45/4275), Shaw River lithium project (E45/4601) and Coondina lithium project (E45/4266).
MinRex will also purchase exploration licences, including E45/5071, E45/4455, and E45/3926, collectively called Soanesville projects, from Maxwell Strindberg.
The acquisition forms part of MinRex’s aim to transform itself into a developing lithium explorer with high-quality assets.
Said to be highly prospective for lithium-tin-tantalum, the seven licences cover a total area of 176.9km² in East Pilbara.
According to MinRex, the tenements comprise extensive and outcropping pegmatites that could be tested using modern exploration methods.
MinRex Resources CEO Perdo Kastellorizos said: “Geological evidence supports all project areas to host significant lithium-bearing pegmatites based on recent rock chip assaying results and the extensive historical tin/tantalum mining over extensive pegmatites.
“Our highly experienced team will be ready for drill testing once the detail geological mapping/sampling has been completed.”
MinRex plans to undertake field mapping and sampling of surface soil/rock chips to assess the lithium potential of the pegmatites in all the areas.
It will also carry out a high-resolution airborne re-interpretation of geophysics to generate lithium targets for ground evaluation and sampling.
Kastellorizos added: “Further work will commence immediately on the re-interpretation of airborne magnetic/potassic data to locate the pegmatite on the ground but also defined trends and structures, which appear to control the Li-Sn-Ta mineralisation.”
MinRex Resources recently agreed to acquire Odette Five, an Australian firm holding 483km² of granted exploration licences across four prospective lithium-tin-tantalum projects in Pilbara.
Elsewhere in Western Australia, IGO and its partner Tianqi Lithium have reported initial production of battery-grade lithium hydroxide at the Kwinana lithium hydroxide refinery earlier this year.