Tawana Resources has exercised its option to acquire 100% of four lithium tenements in Western Australia.
The acquired tenements are located in Cowan and Yallari projects.
The Cowan Project includes three tenements with a total area of 159km². These tenements are located adjacent to the Bald Hill Mine, in which Tawana holds a 50% interest.
This project consists of multiple LCT pegmatites, some of which contain significant spodumene.
The fourth tenement is 41.2km² and forms part of the company’s Yallari Project, which is located 6km west of the Mt Marion lithium mine and 75km north-west of the Cowan Project.
Despite the tenement containing numerous pegmatites, no exploration for lithium has been conducted to date.
Tawana Resources managing director Mark Calderwood said: “Although we are currently focused on drilling out a maiden lithium resource/reserve at the Bald Hill Mine in preparation for mining, the neighbouring Cowan Lithium Project includes a significant portion of the same large rare metal pegmatite belt with targets for future resource drilling.
"Over time, I expect the pegmatite belt to prove one of the most important producers of lithium and tantalum in Western Australia.
"The Yallari Project is an excellent grass roots project located between the Mt Marion lithium mine and the old Londonderry feldspar/lithium mine.
“Numerous pegmatites have been mapped in the same host sequence as Mt Marion and Londonderry.”
Tawana Resources intends to become a spodumene producer this year by focusing on its lithium projects in Western Australia and Namibia.
The company’s primary projects are Bald Hill Lithium and Tantalum Mine and the adjacent Cowan Lithium Project. It also holds the rights to pegmatite tailings stockpile in Namibia, which is estimated to be 20 million tonnes.