Liontown Resources Limited (ASX:LTR) has acquired two highly prospective lithium projects, Buldania and Norcott, located in the Eastern Goldfields of Western Australia.
Both the projects are located in a region well known for hosting significant lithium deposits, including Mt Marion and Bald Hill.
At Buldania, Liontown has entered into an agreement with a subsidiary of Westgold Resources (ASX:WGX) to secure the rights to lithium while Westgold will retain the rights to all other metals.
Although there has been no previous lithium exploration at Buldania, past geological mapping and petrological analyses have defined a large, undrilled, spodumene-bearing pegmatite swarm.
Individual pegmatites up to 500 metres long and 150 metres wide have been mapped at surface; however, true thicknesses are unknown due to the lack of structural and drill data.
The Norcott project is located four kilometres south of Buldania and includes the strike extension of the same lithium prospective stratigraphy.
Following the sale of its Bynoe Lithium project in the Northern Territory for $3.5 million, Liontown is well positioned to advance the Buldania and Norcott Projects.
Liontown’s new acquisitions are consistent with its stated strategy of exploring for and developing battery-related metal projects.
The new projects will complement the company’s other Australian projects, including the Kathleen Valley Lithium-Tantalum Project in Western Australia and the RJC Vanadium Project in Queensland.