Mining exploration company St George Mining, through its wholly owned subsidiary Lithium Star, has closed the acquisition of a package of tenements in Western Australia (WA) from Chariot Corporation and Stallion Lithium.
Lithium Star has acquired 100% of a package of lithium-prospective tenements, which comprises 14 exploration licences.
Comprising seven distinct projects, the 653km² tenements include land packages located along strike from high-grade lithium deposits and established spodumene-producing lithium mines.
The seven projects include the Buningonia, Buningonia North, Myuna Rocks and Ten Mile West projects.
St George Mining executive chairman John Prineas said: “The acquisition of these projects – through our wholly owned subsidiary, Lithium Star – is in line with our strategy to build a high-quality portfolio of lithium assets in Tier 1 jurisdictions like Western Australia.
“Five of the new projects are located in the southern portion of the Yilgarn Craton, an area gaining a global reputation as a ‘super province’ for lithium with three spodumene-producing mines and five others in development.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
“Exploration ground in this region is highly sought after.
“We will aim to unlock the lithium potential of these new projects with systematic exploration, alongside ongoing drilling and exploration at our advanced Mt Alexander Project.”
The company is planning to launch exploration programmes for all of the new projects in the coming weeks, subject to the receipt of heritage approvals.