Lithium Australia (ASX:LIT), formerly Cobre Montana, has doubled the footprint of its Seabrook Rare Metals Venture in Western Australia after been granted an exploration licence that is prospective for lithium.
The company has a 80% interest in Seabrook with the remaining 20% held by Tungsten Mining (ASX:TGN).
Lithium Australia has already commenced reconnaissance geochemical surveys over the area hosting lithium pegmatites that are along strike from recently established, prospective geochemical anomalies and tungsten skarns.
The new licence is located close to the Transcontinental railway line.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.