Sign up Australia
Proactive Investors - Run By Investors For Investors

Lithium Australia NL’s subsidiary snaps up graphite assets in Madagascar

The projects are in proximity to Energizer Resources Inc’s Molo Graphite Project.
Lithium Australia NL’s subsidiary snaps up graphite assets in Madagascar
BlackEarth is moving towards lifting on the ASX

Lithium Australia NL’s (ASX: LIT) subsidiary, BlackEarth Minerals NL, has acquired the exploration rights to Capricorn Metals (ASX:CMM) Madagascan graphite assets

Due diligence by independent geologists describe the project as highly prospective for large-scale, high-quality graphite deposits.

The deal further strengthens the company's growing graphite and lithium portfolio.

BlackEarth is fully-funded to complete ASX listing requirements in the first half of 2017.

Project details

The tenements cover 175 square kilometres, encompassing two project areas named Maniry and Ianapera.

These projects are at an advanced evaluation stage.

The location is in close proximity to Energizer Resources Inc’s (TSX:EGZ) feasibility stage Molo Graphite Project.

Register here to be notified of future LIT Company articles
View full LIT profile View Profile

Lithium Australia NL Timeline

Related Articles

April 25 2017
The acquisition of the Hellyer mine looks set to be transformational for NQ Minerals
December 14 2016
The board is settled and the company is looking to press ahead with its various projects
November 04 2016
The company has a zinc and lithium focus in the world-class Broken Hill region.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use