Corazon Mining Divests Miriam Lithium Rights to Future Battery Minerals

THE BOURSE WHISPERER: Corazon Mining (ASX: CZN) is to boost its coffers via divestment of the lithium and industrial minerals rights and tenement title for the Miriam nickel sulphide and lithium project in the Eastern Goldfields of Western Australia.

Corazon Mining has struck a sale agreement with Future Battery Minerals (ASX: FBM) that will result in the latter company, through its wholly owned subsidiary Eastern Coolgardie Goldfields Pty Ltd, acquiring 85 per cent of Coolgardie Nickel Pty Ltd, a wholly owned subsidiary of Corazon.

Corazon will utilise the funds received from this sale and the funds previously allocated to drilling at the Miriam lithium anomaly to advance activities at the Lynn Lake nickel-sulphide project in Canada and the Mt Gilmore copper-gold-cobalt project in Australia.

Future Battery Minerals likes the location of the Miriam project as a strategic acquisition that consolidates its landholding in the region being immediately north of the company’s Kangaroo Hills lithium project (KHLP).

“Given our strong belief in the Kangaroo Hills lithium project, this acquisition represents an opportunistic and logical move to further consolidate our landholding in the region,” Future Battery Minerals managing director Nicholas Rathjen said in the company’s ASX announcement.

“The Miriam project offers a highly prospective, drill-ready opportunity.

“This strategic addition is on ground endowed with confirmed outcropping spodumene lithium-bearing pegmatites and we look forward to commencing work at Miriam immediately, conducting detailed target generation with first drilling to commence during Q3 CY24.”

 

 

TO READ THE FULL FUTURE BATTERY ANNOUNCEMENT: CLICK HERE

 

TO READ THE FULL CORAZON ANNOUNCEMENT: CLICK HERE