Tambourah Metals announces Chilean lithium producer SQM will partner on Julimar Nth projects
July 19, 2023 at 01:11 pm EDT
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Tambourah Metals executive chairperson Rita Brooks joined Steve Darling from Proactive to share news about the company's agreement with Sociedad Quimica y Minera de Chile (SQM), a Chilean lithium producer. Tambourah Metals has granted SQM an exploration earn-in opportunity across six of its Julimar Nth projects in Western Australia.
Brooks informed Proactive that SQM has been given the right to earn an initial 50% interest, with the potential to acquire up to 70% of all mineral rights at the Julimar Nth project. This will be achieved through sole funding of a minimum of A$1.5 million and up to A$3 million for exploration and development activities.
Brooks also highlighted SQM's status as one of the world's leading lithium producers, with significant assets in Australia. SQM holds a 50% joint venture interest in the Mt. Holland Lithium Project, along with other lithium-related investments and early-stage exploration activities.
The agreement with SQM represents a significant development for Tambourah Metals, as it brings a well-established lithium producer on board to explore and potentially develop the Julimar Nth projects. SQM's expertise and resources in lithium production and exploration are expected to enhance the exploration and development activities of Tambourah Metals.
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Proactive Investors
+1 604-688-8158
na-editorial@proactiveinvestors.com
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Tambourah Metals Limited is an Australia-based exploration company engaged in the exploration and development of critical minerals and gold projects. The Company has lithium projects in the Pilbara Region, such as Russian Jack, Tambourah Lithium, Nullagine Lithium, and others; three gold projects in the Pilbara Region, such as Tambourah, Cheela and Nullagine; and Ni-PGE-Cu-Au projects at Julimar North. In the NE Goldfields, the Company is engaged in the exploration for Ni-PGE-Cu and REE at Achilles Project, including REE at Adam Range. The Tambourah Project is located about 85 kilometers (km) from Marble Bar in the East Pilbara district of Western Australia. The Cheela Project is located about 50 km west-northwest of Paraburdoo. The Achilles project is located about 200 km north of Laverton and about 190 km east of Wilun, Western Australia. The Julimar North project is about 77 km north-east of the Perth Metropolitan region. It also holds six other lithium projects in Pilbara.
TAMBOURAH METALS LIMITED 
