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Lithium Australia will fill its coffers to the tune of more than half a million dollars after entering into a binding agreement to sell 70 per cent of its Lepidolite Hill lithium project to Eastern Resources.
ASX-listed Lithium Australia has struck a deal with fellow listed Eastern Resources to divest of a 70% interest in the Lepidolite Hill lithium project, in Western Australia. Under the agreement, Eastern Resources would acquire the majority share in the project for A$550 000 in cash, paid over three tranches. Lithium Australia will be free-carried until a definitive feasibility study has been completed.
Lithium Australia Ltd (ASX:LIT, OTC:LMMFF) has entered an acquisition and joint venture (JV) agreement with Eastern Resources (ASX:EFE) Ltd to sell 70% of...
Eastern Resources has agreed to acquire a 70% stake in Lepidolite Hill, a prospective lithium mine, from Lithium Australia.
Due in December 2021 Diamond drill programme at the Ragless Range Zinc Prospect of the Arden Project - to be completed in December 2021 ... | December 7, 2021