Rare Earth Minerals: Macarthur Minerals apply for 5 additional licences

Macarthur Minerals Limited, in which REM owns an approximate 15.5% shareholding, has announced that it has applied for five additional exploration licences in the Pilbara region of Western Australia to expand its total tenement area to 1,379 sq km (341,000 acres) for ‘hard rock’ lithium, now across 19 exploration licences. The expansion of Macarthur Minerals’ acreage package is consistent with its focus on exploration of raw materials for the production of lithium batteries. The full text of the Macarthur Minerals announcement is shown below.

— The five new Pilbara exploration licence applications cover an area of 185 sq km (45,000 acres).

— Macarthur Minerals continues to expand its acreage and has one of the largest acreages for ‘hard rock’ lithium of any junior exploration company globally and is one of a few TSX-V listed companies to have potential projects for lithium in Australia.

— Macarthur Minerals is currently evaluating its acreage and commencing discussions with various third parties concerning potential joint ventures to maximise the exploration effort throughout 2016.

Kiran Morzaria, Chief Executive Officer of REM, commented: “As a significant shareholder in Macarthur Minerals we very much welcome Macarthur Minerals’ expansion of acreage for ‘hard rock’ lithium exploration and are excited by the potential and growth of the project.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Rare Earth Minerals Plc

    More articles like this

    Rare Earth Minerals Plc

    REM: European Metals Holdings using L Max technology

    European Metals Holdings Limited (ASX and AIM: EMH) it has entered into a licensing agreement option to utilize the L-Max® process directly with the owner and developer of the process, Lepidico Limited. Highlights: ·   Access to

    Rare Earth Minerals Plc

    Rare Earth Minerals Plc Summary of pre-feasibility study

    Rare Earth Minerals Plc (AIM: REM; OTC REMMY) has told DirectorsTalk that Hastings Technology Metals Limited, has today published a summary of the Pre-Feasibility Study (“PFS”) for the the Yangibana Rare Earth Element Project (the “Project”)

    Rare Earth Minerals Plc

    Rare Earth Minerals additional exploration licence for Macarthur

    Macarthur Minerals Limited in which REM owns an approximate 15.5% shareholding, has today told Directorstalk that it has made application for an additional exploration licence in the Eastern Pilbara region of Western Australia, expanding the size of its

    Rare Earth Minerals Plc

    European Metals Holdings interim financial report

    The Directors of European Metals Holdings Limited (ASX & AIM: EMH), the specialty lithium exploration and development company with assets in the Czech Republic, have released its interim financial report for the half year ended 31

    Rare Earth Minerals Plc

    Bacanora Minerals “making good progress” says SP Angel

    Bacanora Minerals (BCN LN) 73.5 pence, Mkt Cap £71.5m – Sonora Lithium project PFS for 35,000tpa LCO Bacanora Minerals have released details of the Pre Feasibility Study ‘PFS’ on their Sonora Lithium Carbonate ‘LCE’ project in