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Ariana Resources Adds Lithium to Its Portfolio
14-01-2016
 
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Ariana Resources set a course for lithium exploration in Western Australia and Turkey. The company initially took a significant step in Australia to explore lithium which occurs in conjunction with gold in many geological environments.

Asgard Metals Pty. Ltd, the Australian subsidiary of Ariana has completed a joint agreement to vend a package of tenements in the Pilbara region of Western Australia to Dakota Minerals Limited as part of a broader deal involving Slipstream Resources Group. Asgard will own approximately 8% of Dakota when the conditions of the agreement is eventually completed.

According to the announcement of Ariana, this package of tenements contains part of an extensive lithium-tantalum bearing pegmatitic dyke swarm, which was recognised recently as containing the second-largest hard-rock (spodumene) lithium resource in the world.

Dr. Kerim Şener, Managing Director of Ariana stated, “We see significant, long-term value in lithium as a technology metal with numerous and increasing commercial applications, which is found coincidentally within several gold provinces world-wide.  As part of this strategy, Asgard secured the rights to a premier exploration area for lithium in Western Australia and has been looking to commercialise this opportunity within the short-term.  To have been able to successfully vend this project in to Dakota with the support of Slipstream, in such a short time frame is an excellent outcome for our shareholders”.   

 

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Keywords : Australia,  Dakota Minerals,  Asgard Metals,  Ariana,  Lithium  
 
 
 
 
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