23.09.2020
Zugemailt von / gefunden bei: European Lithium (BSN-Hinweis: Lauftext im Original des Aussenders, Titel (immer) und Bebilderung (oft) durch boerse-social.com aus dem Fotoarchiv von photaq.com)
EUROPEAN LITHIUM WINS LANDMARK BALLOT VICTORY OVER STRATEGIC TENEMENT IN NORTH WEST WA AND OFFERS SHARE PURCHASE PLAN TO EXISTING SHAREHOLDERS
Highlights
EUR secures E47/4144 in ballot under the WA Mining Act held on 18 September 2020. The ballot was contested by 13 other applicants in addition to EUR;
Subject to Ministerial approval, upon grant E47/4144 to be 100% legally owned by EUR, and 50% beneficially held by EUR and 50% for a third party;
E47/4144isanewlycreatedtenementofapproximately130km2whichsurroundsthe Chinese owned Mt Anketell iron deposit (see map below
Severalrecentdiscoveriesofconglomerategoldintheregionandinparticularinthe Artemis JV Project tenure adjacent and to the south;
EUR will immediately commence reconnaissance exploration to test the conglomerate gold potential within the tenement;
Ofequalimportance,EURwillalsocommencedesktopstudiesoftheironoredeposit extension opportunities that were previously identified by Cape Lambert when it held the Project;
EUR has commenced discussions with its recently appointed strategic partner (27 May 2020), Talaxis Limited (“Talaxis”) in respect of a number of possible funding opportunities regarding E47/4144. Talaxis is a wholly-owned subsidiary of Noble Group Holdings Limited which is a significant world-wide iron ore trader and iron ore mine owner as well as being a global leader in EV technology metals project development; and
Inadditiontothesuccessfulplacementtoraise$2.1m(22September,2020)EURwill also undertake a Share Purchase Plan (SPP) to raise up to $2m.
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(BSN-Hinweis: Lauftext im Original des Aussenders, Titel (immer) und Bebilderung (oft) durch boerse-social.com aus dem Fotoarchiv von photaq.com)285220
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