Kali Metals Signs Exploration Funding Agreement with JX Advanced Metals
Kali Metals has signed a binding memorandum of understanding (MoU) with Japan's JX Advanced Metals for the Southern Lachlan Project in Australia. The agreement includes funding from JX Advanced Metals up to $498,746 (A$700,000) for exploration activities until March 31, 2027. The project spans approximately 1,413km² and is located in the Southern Lachlan Fold Belt. It has potential for lithium-caesium-tantalum pegmatites as well as tin and tungsten mineralisation. Kali Metals will manage exploration efforts during this phase with a joint committee overseeing progress. JX Advanced Metals may negotiate terms for either a farm-in or joint venture agreement by June 30, 2027, after completing due diligence on the project's potential.
Tickers: $JXAMY
Topics: exploration funding mining partnerships