RE: RE: Payroll26 Jan 2021 22:54
Ireland just might retire there to my lithium play!
The project is comprised of eight prospecting licenses totaling 292 square kilometres centred 80 km south of Dublin. It straddles Counties Carlow and Wicklow in south-eastern Ireland. The Property encompasses an extensive NE-SW oriented 50 kilometre long rare metals pegmatite belt situated within the East Carlow Deformation Zone along the eastern side of the Leinster Granite.
Current ownership of the Avalonia Project is through a joint venture company, owned 55% by Ganfeng Lithium and 45% by ILC. In addition, Ganfeng Lithium has an option to acquire another 24% by either incurring CAD $10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithum and 21% ILC.
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