Tambourah Metals announces Chilean lithium producer SQM will partner on Julimar Nth projects
July 19, 2023 at 01:11 pm EDT
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Tambourah Metals executive chairperson Rita Brooks joined Steve Darling from Proactive to share news about the company's agreement with Sociedad Quimica y Minera de Chile (SQM), a Chilean lithium producer. Tambourah Metals has granted SQM an exploration earn-in opportunity across six of its Julimar Nth projects in Western Australia.
Brooks informed Proactive that SQM has been given the right to earn an initial 50% interest, with the potential to acquire up to 70% of all mineral rights at the Julimar Nth project. This will be achieved through sole funding of a minimum of A$1.5 million and up to A$3 million for exploration and development activities.
Brooks also highlighted SQM's status as one of the world's leading lithium producers, with significant assets in Australia. SQM holds a 50% joint venture interest in the Mt. Holland Lithium Project, along with other lithium-related investments and early-stage exploration activities.
The agreement with SQM represents a significant development for Tambourah Metals, as it brings a well-established lithium producer on board to explore and potentially develop the Julimar Nth projects. SQM's expertise and resources in lithium production and exploration are expected to enhance the exploration and development activities of Tambourah Metals.
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Proactive Investors
+1 604-688-8158
na-editorial@proactiveinvestors.com
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Tambourah Metals Ltd is exploring gold and clean energy metals and has a portfolio of strategically located advanced gold projects. The Companyâs Tambourah Project is located about 85 kilometers (km) southwest of Marble Bar in the East Pilbara district of Western Australia. The Tambourah Project covers an area of approximately 1520 hectares (ha) and comprises an exploration license (E 45/4597), and four prospecting licenses (P 45/2868-I, P 45/2869-I, P 45/2870-I, P 45/2871-I). Its Cheela gold project is approximately 50 km west of Paraburdoo in the Ashburton district and covers approximately 70 km of the west-northwest trending Nanjilgardy Fault. The Russian Jack Project is located about 15 km southwest of Nullagine. Its Nullagine Project is located about 11 km east of Nullagine. Its TMB Nullagine project is located about 11 km from the town of Nullagine. The Companyâs other projects include Shaw River, Tambourah North, WH Sth, and Achilles Ni-PGE-Cu project, among others.