Stelar Metals Ltd (ASX:SLB) has entered into a binding agreement with Everest Metals Corporation Ltd to acquire 90% interest in four large granted exploration licences with significant lithium potential along with cobalt and copper near the mining centre of Broken Hill in Far West New South Wales.
Stelar Metals (SLB) has entered a binding agreement with Everest Metals (EMC) to acquire a 90 per cent interest in four large granted NSW exploration licences.
The exploration licences cover 719 square kilometres and include the Trident, Midas and Perseus projects, located in the Broken Hill Block in New South Wales.
The projects are considered prospective for lithium, cobalt, and copper.
The JV between Everest Metals and Stelar Metals has wasted no time in declaring the duo’s Trident Project has potential to host economic quantities of Greenbushes-style lithium.