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1.815km
In respect of certain claims at Burro Creek East and Burro Creek West, the company s interest is held via an option agreement to acquire 100% of the relevant lease interests subject to a payment of a cash sum between U$600,000 and US$750,000, depending on the timing of the exercise of the option.
Strategy
The Group s strategy for the progression of its assets is to prioritise the development of the (two) Burro Creek projects and the claims held by Zenolith at Wikieup, which the Directors view as being the most commercially advanced and prospective projects, as set out below. With the planned exploration programme, the Directors believe that the two Burro Creek projects and the Zenolith Wikieup Claims have the potential to emerge as lithium-clay deposits containing Mineral Resources with better understood metallurgy thereby creating significant value for Shareholders.