Media ReleasesMinRex Resources

View All MinRex Resources News

MinRex Resources - Approvals Received for Maiden Drilling Over Lithium Projects

* MinRex cashed-up with approximately $11.3M in the bank and an additional $6.8M to settle on 1 June from cornerstone investment group.
* Programme of Works approved from the Department of Mines, Industry and Safety, Resource for drilling to commence over 5 Project areas.
* MinRex signs long-term 12-month drilling contract with Foraco Australia Pty Ltd.
* MinRex targeting 25,000m of drilling in the next 12 months.
* RC drilling will be operating from late July – early August 2022.
* Five RC drilling programs currently being designed across all approved PoW Project areas.
* Native Title Heritage Agreement signed with Nyamal Corporation over Marble Bar Project areas.
* Nyamal Heritage Survey over Marble Bar Project areas to commence start of June 2022.
* Initially the drilling will concentrate over all identified pegmatites hosting visible Spodumene and Lepidolite mineralisation over the northern and southern section within the Tambourah North Project.
* Mapping over Shaw River Project area identifies outcropping Pegmatites for RC drilling. 

MinRex Resources Limited (ASX: MRR) (“MinRex” or “the Company”) is pleased to announce significant progress at fast tracking approvals for its detailed field program and maiden drilling programs over Eastern Pilbara and Marble Bar Lithium-Tin-Tantalum Project areas.

MinRex Resources Limited Managing Director Mr Karageorge commented:

“We are pleased to have the stakeholders, cash, team, projects and now approvals in place to fast-track drilling over our key lithium assets in the eastern Pilbara battery metals hot spot”.

“The Department of Mines, Industry and Safety, Resource have approved MinRex’s application to drill over 5 project areas which include Coondina South Coondina, Shaw River, Tambourah North and Haystack Well Project”.

For more information, download the attached PDF.

Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.