Metals Australia to raise funds for exploration of lithium-tantalum pegmatite at Manindi Project
2021-09-26 09:59:05 [Print]
BEIJING (Asian Metal) 26 Sep 21 - Metals Australia Ltd. announced that it has received a letter of firm commitments from Melbourne based lead manager, Peak Asset Management, in relation to a capital raising of $1,517,054 via issue of 1,011,369,333 fully paid ordinary Shares at $0.0015 per share (Placement).
The Placement includes funding for exploration of a potentially major, high-grade, lithium-tantalum (LCT) pegmatite field at the Manindi Zinc Project.
Previous sampling of pegmatite in drillcore at Manindi produced significant high-grade lithium-tantalum intersections including 15m @ 1.2% Li2O, 117 ppm Ta205 from 34m with up to 2.14% Li2O in MND018 and 6m @ 247ppm Ta205 with up to 459ppm Ta205 in MND022.
The Placement includes funding for exploration of a potentially major, high-grade, lithium-tantalum (LCT) pegmatite field at the Manindi Zinc Project.
Previous sampling of pegmatite in drillcore at Manindi produced significant high-grade lithium-tantalum intersections including 15m @ 1.2% Li2O, 117 ppm Ta205 from 34m with up to 2.14% Li2O in MND018 and 6m @ 247ppm Ta205 with up to 459ppm Ta205 in MND022.
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