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

Lithium Australia NL Timeline

Related Articles

Ukulanda-silver-lead-ore.png
August 05 2016
NQ Minerals anticipates early cashflow from high margin silver stockpiles
Drilling.png
November 09 2016
The commercials remain broadly similar to the original agreement to bring together the projects, which are next to each other and are effectively component parts of the same deposit.
Uranium-periodic-table.jpg
February 03 2017
Anglo Pacific's move into Canadian uranium is a major statement of intent

© 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