Alderan Resources Ltd (ASX:AL8) managing director Scott Caithness joins Proactive’s Jonathan Jackson to discuss the company’s move into Brazil and the lithium assets it has acquired there. Alderan is the first lithium explorer to systematically assess this very large suite of prospective projects in Brazil. Caithness explains what the company saw in the Brazilian lithium scene, the pace at which it established itself there and the work that has already begun in just a few months of holding the assets. Caithness, a former Rio Tinto and CRA executive, also gives us his take on the current lithium market. Finally, he takes us through the company’s plans over the next few months.
Caithness said: “Alderan’s exploration on its newly acquired lithium projects in the Lithium Valley district of Minas Gerais commenced less than one month after shareholder approval for acquisition of the projects.
“This is a very exciting stage of the exploration program because we are the first explorers to systematically assess our very large suite of prospective projects for lithium."
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Alderan Resources Limited is an Australia-based company that specializes in critical and precious metal exploration. The Company is engaged in discovering and developing critical metal and gold deposits for mining. The Company owns a portfolio of four exploration projects in Utah, United States. Its projects include Detroit, Valley/Crossroads, Frisco, and White Mountain. Detroit project lies within the Detroit Mining District, approximately 290 (km) southwest of Salt Lake City. White Mountain is a gold exploration project located approximately 300 km south-southwest of Salt Lake City and 25 km southwest from the town of Milford in Utah, United States. The Company owns 24 granted exploration licenses (472 square kilometers (km2)) in seven project areas - Curral de Dentro, Minas Novas, Carai, Catuji, Itaipe, Itambacuri and Governador Valadares. The Projects are located immediately to the south, of the district known as Lithium Valley in the Eastern Lithium Belt of Eastern Brazil.