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- Frontier Resources buys a couple of rare earths and high purity alumina projects in WA
- Accelerate Resources pegs lithium project near its manganese assets in the Pilbara
- ‘Heavily overbid’ $13.6m cap rise will fast track exploration at Global Lithium’s Marble Bar lithium project in 2022
Here are the biggest small cap resources winners in early trade, Monday November 1.
The critical minerals explorer has secured a couple of WA rare earths and high purity alumina projects in an all-share deal, complementing the recent acquisition of the ‘Murraydium’ ionic clay (IAC) hosted rare earths project in South Australia.
The ‘Gascoyne’ rare earths project adjoins the Hastings Technology Metals (ASX:HAS) world-class ‘Yangibana’ deposit, which is set to be the next REE producer outside of China by 2023.
The project area is also in the same neighbourhood as recent discoveries made by Dreadnought Resources (ASX:DRE) at its ‘Mangaroon’ project.
Very limited exploration has been undertaken at the Gascoyne project, FNT says.
The ‘Koolya’ High Purity Alumina (HPA) project is prospective for bright white kaolin. Kaolin deposits with low impurities are an optimal feedstock for HPA, a market which is witnessing dramatic consumer driven growth, FNT says.
“HPA growth has been invigorated in response to global investment in new applications and technologies such as electric vehicles, static energy storage sector and LED lighting have created increased demand and market opportunities,” the...
Read Full Story: https://stockhead.com.au/resources/resources-top-5-two-battery-metals-acquisitions-and-one-heavily-overbid-13-6m-cap-raise/
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