The area around Mt Ida is emerging as a new lithium province, with exploration also under way in this region by Zenith Minerals (ASX:ZNC) in joint venture with EV Metals plc and Hawthorn Resources (ASX:HAW) in joint venture with Hancock Prospecting.
And St George Mining (ASX:SGQ) says these early observations of outcrop at Mt Alexander suggest it may form part of the underexplored province.
And if this potential wasn’t enough, recent activity to the south has also revealed another potential commodity, with Red Dirt Metals discovering lithium-caesium-tantalum (LCT) pegmatites at its Sparrow North project.
This has been further supported by Hawthorn Resources, whose ground sits between Mt Alexander and Sparrow North, forming a joint venture with Gina Rinehart’s Hancock Prospecting for lithium exploration.
Hancock, which is already progressing a large magnetite iron ore study over the area, has renegotiated its earn-in with its junior partners giving it the exclusive right to assess the potential for nickel, lithium, and copper over the next three months.
India’s largest iron ore producer, NMDC hosted luncheon meeting for Hon’ble Roger Cook,Deputy Premier, Western Australia & representatives from Australian companies, Hawthorn Resources, Atlas Iron & its Australian subsidiary company Legacy Iron Ore in Western Australia.
“We are right now in the prospecting stages and investments are being made by the new partner, Hancock. We are looking at two to three years to carry out prospecting studies.” Sumit Deb, Chairman and Managing Director, NMDC, told BusinessLine.
On Saturday 16th April 2022, representatives from Atlas Iron Ore/Hancock Propsecting, Hawthorn Resources and Legacy Iron Ore met at the Ritz Carlton in Perth, WA.
In April, Atlas was appointed as the study manager of the Mt Bevan magnetite project, 250km north of Kalgoorlie, in a joint venture between Hancock and juniors Legacy Iron and Hawthorn Resources.
Resources Top 5: Dazzling gold hits, a popular lithium pivot, and juniors cement lucrative Hancock deal27th May 2022 • News
JV partners Legacy and Hawthorn cement deal with subsidiary of billionaire Gina Rinehart’s Hancock Prospecting.