Mila Resources Joins Forces with $6B Giant Liontown - Lithium Exploration

Monday, August 7, 2023, Ashok Niroula

NEWS ANNOUNCEMENT ALERT! Agreement with Liontown to Explore for Lithium
 

MILA RESOURCES
Mila Resources PLC (LSE:MILA) executive director Mark Stephenson speaks to Thomas Warner from Proactive after the post-discovery gold exploration accelerator announced a new agreement with ASX-listed Liontown Resources.
The agreement gives Liontown the option to explore for lithium on the Kathleen Valley Licence Area in Western Australia, where Mila is primarily focused on gold and precious metals. Stephenson highlights the significance of this opportunity for Mila's investors, saying that it opens up a whole new avenue within their existing acreage. He adds that through Liontown's exploration for lithium, Mila will gain access to valuable data that can help assess the potential for gold resources in the area as well. While the extent of lithium mineralization remains uncertain, Liontown's serious involvement and sizable market capitalization indicate promising prospects - reference proactive investor article.
  Listed on the LSE  
  Capped at approximately £5 million, immediate neighbours – Bellevue Gold and Liontown Resources are capped at approximately 1.63 Billion AUD and 6 Billion AUD.  
  Liontown has significant experience and expertise in lithium exploration and development specific to the wider Kathleen Valley area and has established itself as one of the most successful lithium explorers in Australia  
  Liontown will be liable for all costs associated with the Heritage Surveys over the relevant areas of the KV Licence  
  Mila to leverage off the development of Liontown studies for the purposes of its own gold exploration and development activities.  
  Mila's current market valuation appears undervalued given results to date and the strategic positioning of the Kathleen Valley project.  
 
FIND OUT MORE
 

A rewarding venture for the company
As the collaboration progresses, Mila and Trans Pacific Energy Group Pty Ltd ("TPE") and New Generation Minerals Limited ("NGM"), the other owners of the Licence, retains ownership of all gold and precious metals, making this partnership a potentially rewarding venture for the company.
 

Read announcements
 
FIND OUT MORE
 
Disclaimer

The information provided in this communication is for informational purposes only and is not intended as investment advice. Investing in financial markets carries inherent risks, and all investment decisions made by individuals are solely their own responsibility. Past market performance is not indicative of future results, and there is no assurance that any system, indicator, or signal will lead to profits or protect against losses. The content provided does not constitute a solicitation or recommendation to buy, sell, or hold any financial instrument or asset. The author and publisher of this information are not liable for any potential financial losses or damages resulting from any reliance on the content of this communication. Investing in financial markets involves uncertainties, and there are no guarantees of returns on investments. Therefore, all investors are urged to exercise caution and seek independent financial advice when necessary. The content presented in this communication is based on information available up to the date of publication and is subject to change without notice. The author and publisher do not warrant the accuracy or completeness of the information provided, and they disclaim any liability for any errors or omissions.
 
For complaints email Here
Green BIZ, Dubai, UAE

unsubscribe
 

Newer Entries »
« Older Entries
You can leave a response.