Myrnas Hill
(Lithium, Copper, Gold)
MYRNAS HILL PROJECT
Lycaon won ballot for tenement E45/6809 in June 2024, among 4 other applications, adjacent to the Marble Bar and DOM’s Hill projects held by Kali Metals Limited (KM1) and Sociedad Química y Minera de Chile (SQM), which are subject to an earn-in arrangement under which SQM has the right to earn up to 70% by funding A$12M over four years
Tenement covers the historic copper-gold prospect, Myrnas Hill, which has returned up to 42.8% Cu, 7.05% Cu and 6.49g/t Au in rock chip samples¹
Lithium potential to be a priority of exploration work programs, anticipated to commence later in the year following tenement grant
Detailed geological review of historical exploration work to be completed alongside site reconnaissance in the coming months
¹ Myrnas Hill, Minedex Site Code S0023297, Geoview, Department of Energy, Mines, Industry Regulation and Safety
Thomas Langley, Technical Director commented
“We are extremely pleased with securing this highly prospective tenement adjacent to projects held by Kali Metals and SQM that is subject to an earn-in arrangement, where SQM has already spent approximately $2.5M. This area of the Pilbara truly is the land of the lithium giants and the tenement is located on the Archean greenstone, host to the major lithium mines in the region, with the potential to explore for lithium, copper and gold in this new project area providing an exciting opportunity.”
“The historical high-grade results from rock chips returned up to 42% Cu, 7.05% Cu, 6.49g/t Au and 47.7g/t Ag which demonstrates a polymetallic nature of mineralisation may be present. A detailed geological review of past exploration work on the project area and surrounds will commence alongside site reconnaissance in the coming months with exploration work programs to follow as soon as possible.”
