Mining.com.au
Energy metals explorer Bryah Resources (ASX:BYH) has purchased the Lake Johnston Lithium-Nickel Project in Western Australia in a deal that will see it pick up a 690km² footprint in a well-known lithium-prospective district.
The project, which consists of eight exploration license applications, reaches to within 10km of the Wesfarmers/SQM Mount Holland Lithium JV, home to one of the world’s largest hard-rock lithium deposits.
Of the eight licenses, three are owned by West Coast Minerals Pty Ltd, which Bryah has agreed to purchase for $75,000 cash + 2,000,000 ordinary shares @ $0.053 each. The remaining five licenses have recently been applied for directly by Bryah.