The company continues to progress the project, and recent activities include securing of an enlarged land tenure footprint, performing the required local archaeological survey and the submission of drill permit applications.
Jeremy King, director, commented: "Importantly, we have now secured a land package of approximately 6,000 acres that swarms our existing staked drill locations.
"This provides the tenure required for a significant lithium brines operation should we encounter commercial levels of lithium enrichment.
"Approvals with Federal and State regulators in Utah are moving forward in line with expectations and we have successfully completed the pre-drilling clearance by way of conducting the required archaeological survey.
"We anticipate finalising drill permits for the Project in the coming weeks, with drilling to commence thereafter.
"Notably, ground conditions are amenable to drilling throughout winter in the local area."
Analysis
The Red Valley Lithium Project is a unique opportunity providing leverage to a project with potentially significant scale.