Exploration/Development, Lithium, News

ASX explorer snaps up massive lithium brine project in the US

lithium, brine, potash

Mid-tier explorer and project developer QX Resources has entered into a binding agreement to acquire a 75 per cent interest in the 100km2 Liberty lithium brine project in the US.

Liberty is one of the largest single lithium brine projects in the US, with an extensive brine surface anomaly yielding elevated lithium results up to 215 milligrams per litre of lithium.

QX will undertake a drilling campaign to define lithium bearing targets at the California project, with a feasibility study due to kick off in the third quarter of 2024.

“The Liberty lithium project is potentially a new large-scale lithium brine project in the right location, with good infrastructure and a pathway to development. The project has been pursued by other groups due to its similarities to Albemarle’s nearby producing Silver Peak  brine deposit in Clayton Valley USA and to major Argentina brine projects,” QX Resources managing director Stephen Promnitz said.

The company, which trades on the ASX under the ticker QXR, also has four hard rock lithium projects in WA, including Turner River, which lies just 15km from Mineral Resources’ Wodgina mine.

QX also has a copper-gold-molybdenum project in Queensland, and another sulphide project in Sweden.

“QX now has a battery minerals portfolio of true scale in Tier-1 jurisdictions, exciting hard rock lithium targets, a major investment in high grade nickel-copper-cobalt sulphides, and now a large lithium brine project,” Promnitz said.

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