Lanthanein Resources Ltd (ASX:LNR, OTC:FRNRF) technical director Brian Thomas tells Proactive the company has entered into a farm-in agreement to earn up to 70% of the Lady Grey Lithium-Tantalum Project - directly adjacent to Covalent Lithium’s Earl Grey Mine which hosts 189 million tonnes at 1.53% Li2O at Mount Holland. He says plans for evaluation and fieldwork will commence immediately to assess the potential for lithium pegmatites with drill programs earmarked for early 2024.
“This transaction positions Lanthanein with a prospective lithium project in one of the most desired jurisdictions for lithium explorers in Western Australia," Thomas said. "With credit to Lanthanein’s management team, the company has managed to secure the rights to earn up to a 70% interest over ~77 square kilometres of prospective ground, immediately adjacent to one of the largest operating lithium mines in Western Australia."
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Lanthanein Resources Ltd is an Australia-based mineral exploration company with a focus on the discovery of critical minerals of rare earth elements in tier 1 mining jurisdictions of Western Australia and South Australia. The Company's projects include Gascoyne, Murraydium, Mt. Clere and Koolya. The Gascoyne Rare Earth Elements Project is exploring for light rare-earth oxide's of Neodymium and Praseodymium that are critical to the production of permanent magnets. The Lyons Rare Earths Project is located in the Gascoyne Region of Western Australia. The Murraydium Project is located in the south-eastern region of South Australia with EL 6717 covering an area of over 872 square kilometers (km2) of the Murray Basin. The Mt Clere Project is a significant area in the eastern Gascoyne Province prospective for rare earths and lithium pegmatites. The Koolya High Purity Alumina (HPA) Project covers over 240 km2 prospective for bright white kaolin and HPA is located 460 kilometers east of Perth.